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Ames Trading Company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product. The

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Ames Trading Company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product. The following information on current assets and current liabilities is for Belkin Company. a. Compute Belkin's acid-test ratio. b. If its competitor, Logit, has an acid-test ratio of 12 , which company is better able to pay for current liabilities with its quick assets? Complete this question by entering your answers in the tabs below. Compute Belkin's acid-test ratio

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