Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:

IIA-CIA-Part3-3P V1 0 Comments

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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