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(Solved): Given the following Balance Sheets for Leo Construction in 2021, answer the question 3, 4 and 5. ...




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Given the following Balance Sheets for Leo Construction in 2021, answer the question 3, 4 and 5. What is the average quick ratio for the company in 2021 (keep two decimal places)? For Leo Construction, if the operation revenue in the income statement for year 2021 is , what is the company's average age of accounts receivable in year 2021?


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The fast ratio, commonly referred to as the acid test ratio, assesses a company's capacity to pay of...
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