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Liquidity Ratios You Have the Following Information on Marco's Polo

Question 100

Multiple Choice

Liquidity Ratios You have the following information on Marco's Polo Shop: total liabilities and equity = $205 million,current liabilities = $45 million,inventory = $60 million,and quick ratio = 2.4 times.Using this information,what is the balance for fixed assets on Marco Polo's balance sheet?


A) $37m
B) $97m
C) $145m
D) $157m

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