Find quick ratio if company purchased inventory on credit
A company has quick assets of $300,000 and current liabilities of $150,000. The company purchased $50,000 in inventory on credit. After the purchase, the quick ratio would be
a. 2.0
b. 2.3
c. 1.5
d. 1.75
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A company has quick assets of $300,000 and current liabilities of $150,000. The company purchased $50,000 in inventory on credit. After the purchase, the quick ratio would be?
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