A skeleton of Hollister Mills' balance sheet appears as follows (amounts in thousands): Use the following ratio

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A skeleton of Hollister Mills' balance sheet appears as follows (amounts in thousands):
A skeleton of Hollister Mills' balance sheet appears as follows

Use the following ratio data to complete Hollister Mills' balance sheet:
a. The current ratio is 0.80.
b. The acid-test ratio is 0.40.

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Managerial Accounting

ISBN: 978-0132890540

3rd edition

Authors: Karen W. Braun, Wendy M. Tietz

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