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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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