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Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:
Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:
If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:
A . $100
B . $200
C . $300
D . $500
Answer: A
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