Louisiana State University, Shreveport ACC ACC 701 From the following data for David ProElecticals, calculate the quick ratio. Cash $68,500 Accounts receivable 130,000 Inventories 213,000 Prepaid…
Accounts receivable 130,000
Prepaid expenses 25,000
Total current assets $436,500
Less current liabilities 275,000
Working capital $161,500
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