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At December 31, 2019, Betty Harris Corporation reported current assets of $389,780 and current liabilities of $189,600. The following terms may have been recorded Incorrectly

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At December 31, 2019, Betty Harris Corporation reported current assets of $389,780 and current liabilities of $189,600. The following terms may have been recorded Incorrectly 1 Goods purchased costing $20,180 were shipped fo.b. shipping point by a supplier on December 28. Harris received and recorded the invoice on December 29, 2019, but the goods were not included in Harris's physical count of inventory because they were not received until January 4, 2020. 2 Goods purchased costing $15,740 were shipped fo.b. destination by a supplier on December 26. Harris received and recorded the invoice on December 31, but the goods were not included in Harris's 2019 physical count of inventory because they were not received until January 2, 2020. 3. Goods held on consignment from Claudia Kishi Company were included in Harris's December 31, 2019, physical count of inventory at $13,700, 4. Freight-in of $2,750 was debited to advertising expense on December 28, 2019. Your answer is correct. Compute the current ratio based on Harris's balance sheet. (Round ratio to 2 decimal places, es. 2.31:1.) The current ratio 2.00 :1 e Textbook and Media X Your answer is incorrect Recompute the current ratio after corrections are made. (Round ratio to 2 decimal places, s. 2.31:1.) X Your answer is incorrect. Recompute the current ratio after corrections are made. (Round ratio to 2 decimal places, e-3.2.31:1.) The current ratio 2.19 :1 e Textbook and Media X Your answer is incorrect. By what amount will income (before taxes) be adjusted up or down as a result of the corrections? Assume that goods are sold in item #4, Adjust Income $ 19470

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