Math question help needed

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The quick ratio is 0.83. Current assets are $96,000 and current liabilities are $82,000. What is the amount in inventory account?

May 20th, 2015

The quick ratio is 0.83. Current assets are $96,000 and current liabilities are $82,000. What is the amount in inventory account?

quick ratio= (current assets- inventories)/current liabilitiess

0.83= (96,000-x)/82,000

68,060= 96,000-x

x=96,000-68,060

x=27,940

May 20th, 2015

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