The December 31, balance sheet of Iyer Company includes the…
The December 31, balance sheet of Iyer Company includes the following information: Inventory $550,000 Prepaid Expenses 70,000 Salary expense 80,000 Total Current Assets 1,200,000 Total Current Liabilities 875,000 Accounts Payable 540,000 Notes payable 100,000 What is Iyer’s quick ratio at December 31?
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