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1. The current asset section of Stibbe Pharmaceutical Companys balance sheet included cash of $31,000 and accounts receivable of $51,000. The only other current asset

1. The current asset section of Stibbe Pharmaceutical Companys balance sheet included cash of $31,000 and accounts receivable of $51,000. The only other current asset is inventory. The companys current ratio is 2.5 and its acid-test ratio is 2.0. Determine the ending balance in inventory and total current liabilities.

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