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A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 49,000 Current liabilities $ 84,000 Accounts receivable 64,000 Long-term

A corporation reports the following year-end balance sheet data. The company's equity ratio equals:

Cash $ 49,000 Current liabilities $ 84,000
Accounts receivable 64,000 Long-term liabilities 20,000
Inventory 69,000 Common stock 109,000
Equipment 154,000 Retained earnings 123,000
Total assets $ 336,000 Total liabilities and equity $ 336,000

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