The quick ratio is 1.0. Current assets are $100,000 and current liabil
The quick ratio is 1.0. Current assets are $100,000 and current liabilities are $80,000. What is the amount in the inventory account?
A) $20,000
B) $80,000
C) $125,000
D) $180,000
E) Cannot be determined with the information provided.
ANSWER
A
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