Compute the quick ratio, ABC's current assets comprise of cash, accounts receivables, and, Finance Basics

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Compute the quick ratio

Problem:

ABC's current assets comprise of cash, accounts receivables, and inventory. ABC has $10,342 in cash, $8,947 in accounts receivables, and $5,725 in inventory. If the current ratio is 1.7 times, compute the quick ratio.

Note: Please show how you came up with the solution.

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Finance Basics: Compute the quick ratio

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Finance Basics: Compute the quick ratio

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