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A retail company has a current ratio of 2.0 and the following selected information for the year ended 12/31/2024: Common stock = 250,000 dollar, Retained
A retail company has a current ratio of 2.0 and the following selected information for the year ended 12/31/2024: Common stock = 250,000 dollar, Retained earnings = 120,000 dollar, Total assets = 470,000 dollar, Noncurrent liabilities = 70,000 dollar. What is the amount of noncurrent assets owned by the company at 12/31/2024
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