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ACCA F3 Quick Ratio

What is the quick ratio of Edward Co given the information below?

Receivables	40,000
Inventories	60,000
Trade Payables	40,000
Bank Overdraft	30,000
Long Term Loan	20,000
Retained Earnings	3,000

Suggested solutions:

Receivables	40,000
Payables + Bank Overdraft	70,000
Answer	0.57

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