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3. The Del Rio Donut Shop has the following financial information: Total Assets = $1.6 million Current Ratio = 1.1 times Bonds = $500,000 Debt/equity
3. The Del Rio Donut Shop has the following financial information:
Total Assets = $1.6 million
Current Ratio = 1.1 times
Bonds = $500,000
Debt/equity ratio = 90%
Based on the above information, calculate the current assets balance.
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