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Two quick balance sheet questions

1. Is quick ratio = (cash - inventories)/CL = (cash + A/R)/CL ?
2. Inventory is a current asset, and fixed assets and PPE are long term assets– true?

yes … where is this coming from?
pretty basic. I think you need a break.

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it should be (current assets - inventories) / CL = quick ratio
which i think is the same thing as (cash + A/R) / CL - assuming no other current assets
i think you meant to say CA - inv in the above

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