1. Jones Corp. reported current assets of $183,000 and current liabilities of $126,000 on its most recent balance sheet. The current assets consisted of $64,000 Cash; $46,000 Accounts Receivable; and $73,000 of Inventory. The acid-test (quick) ratio is:
2. A corporation reported cash of $28,000 and total assets of $466,000 on its balance sheet. Its common-size percent for cash equals:
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