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Free Series 7 Exam Mock Exam
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Question 1 of 10⏱ 08:00
A balance sheet extract shows cash of 150, accounts receivable of 250 and inventory of 500, for current assets of 900, against current liabilities of 600. A lender asks for the acid-test ratio and what it indicates about the company's ability to meet short-term obligations without selling inventory. What is the correct answer?
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