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QUESTION
Prodigy Associates has current assets as follows: Cash $16,000 Accounts Receivable $2,500 Inventory $9,000 If Prodigy has a current ratio of 2.960,
Prodigy Associates has current assets as follows:
Cash$16,000
Accounts Receivable$2,500
Inventory$9,000
If Prodigy has a current ratio of 2.960, what is their Acid-Test (quick) ratio? (round to 2 decimal places)
