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A company has current assets of $90,000(of which $36,000is inventory and prepaid items) and current liabilities of $36,000. What is the current ratio? What is

A company has current assets of $90,000(of which $36,000is inventory and prepaid items) and current liabilities of $36,000. What is the current ratio? What is the acid-test ratio? If the company borrows $16,000cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be?

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