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20) a company's January 1 balance in merchandise inventory is 40,000. The december 31 balance is 35,000. Cost of goods sold is 220,000. The company's

20) a company's January 1 balance in merchandise inventory is 40,000. The december 31 balance is 35,000. Cost of goods sold is 220,000. The company's inventory turnover is...

24) a company has total assets of 120,000, current assets of 80,000, total liabilities of 50,000, and current liabilities of 25,000. What is the current ratio?

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