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Answer each of the questions in the following unrelatedsituations. (a) The current ratio of a company is 5:1 and itsacid-test ratio is 1:1. If the

Answer each of the questions in the following unrelatedsituations. (a) The current ratio of a company is 5:1 and itsacid-test ratio is 1:1. If the inventories and prepaid items amountto $537,000, w 2 answers

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