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A company has current assets of $297,000 (cash of $33,000, notes receivable of $5,500, accounts receivable of $154,000, and inventory of $104,500), plant assets of

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A company has current assets of $297,000 (cash of $33,000, notes receivable of $5,500, accounts receivable of $154,000, and inventory of $104,500), plant assets of $22,000, and current liabilities of $159,500. Determine the current ratio and the acid-test ratio

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