The following information was extracted from Webb Company's financial statements:
The current ratio and quick ratio for Webb Company are:
A) Current ratio = 1.4286; Quick ratio = 1.1429
B) Current ratio = 1.1429; Quick ratio = 1.4286
C) Current ratio = 0.7143; Quick ratio = 0.4286
D) Current ratio = 0.4286; Quick ratio = 0.7143
Correct Answer:
Verified
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