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Question: Compute Jamar Company's current ratio using the following information.

Accounts receivable . . . . . . . . $15,000

Long-term notes payable . . . . . . . . . . $20,000

Accounts payable . . . . . . . . . . 10,000

Office supplies . . . . . . . . . . . . . . . . . . . 1,800

Buildings . . . . . . . . . . . . . . . . . 42,000

Prepaid insurance . . . . . . . . . . . . . . . . 2,500

Cash . . . . . . . . . . . . . . . . . . . . 6,000

Unearned services revenue . . . . . . . . 4,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92337142

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