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Baron Company reported the following data: Cash Accounts receivable Marketable securities Inventory Prepaid rent expense Accounts payable Current portion of long-term debt Net credit sales

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Baron Company reported the following data: Cash Accounts receivable Marketable securities Inventory Prepaid rent expense Accounts payable Current portion of long-term debt Net credit sales Cost of goods sold $80,000 120,000 40,000 100,000 10,000 70,000 140,000 1,000,000 600,000 The cash ratio is closest to

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