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A firms balance sheet contains $320 of cash, $2,000 of fixed assets, $1,580 of accounts receivable, $840 of accounts payable, $500 of inventory, and $1,060
A firms balance sheet contains $320 of cash, $2,000 of fixed assets, $1,580 of accounts receivable, $840 of accounts payable, $500 of inventory, and $1,060 on a revolving line of credit. Assuming that list contains all of the companys assets and liabilities:
How much are current assets? (Show calculation)
What is the companys quick ratio? (Show calculation)
What is the companys book value? (Show calculation)
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