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The current assets consisted of 62000 cash 43000 accounts

Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The current assets consisted of $62,000 Cash; $43,000 Accounts Receivable; and $88,000 of Inventory. The acid-test (quick) ratio is:

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Accounting Basics: The current assets consisted of 62000 cash 43000 accounts

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