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Using the following accounts and balances taken from a year-end balance sheet, compute the current ratio: Accounts payable $100,000, Accounts Receivable $160,000, Cash 150,000, Common Stock $180,000, Inventory $140,000, Notes Payable $130,000, Plant & Equipment, net $2,000,000, Retained Earnings $1,480,000 Accrued Liabilities $20,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977852

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