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13. Use the balance sheet below to calculate the Current Ratio. Balance Sheet for XYZ Corporation Current Assets Cash Marketable Securities Accounts Receivable Inventory Total
13. Use the balance sheet below to calculate the Current Ratio. Balance Sheet for XYZ Corporation Current Assets Cash Marketable Securities Accounts Receivable Inventory Total Current Assets $ 55,000.00 $ 18,000.00 $ 21,000.00 $ 33,000.00 $ 127,000.00 Current Liabilities Accounts Payable Notes Payable Accrued Taxes Total Current Liabilities $ 18,000.00 $ 11,000.00 $ 20,000.00 $ 49,000.00 14. If Corporation XYZ has 2,000 shares outstanding and they are trading at $7.10 per share and they decide to do a two for one stock split. a. How many shares will be outstanding? b. What will the new value of each share be?
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