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Bellevue Spa Collections had a current ratio of 2.50 to 1 on December 31 of the current year. On that date, the company's assets were
Bellevue Spa Collections had a current ratio of 2.50 to 1 on December 31 of the current year. On that date, the company's assets were as follows: Cash Accounts receivable (net) Inventory Prepaid expenses Equipment (net) $105,200 581,000 1,134,100 25,700 2,431,500 $4,277,500 Total assets (a) Your answer is correct. What were the company's current liabilities on December 31? Current Liabilities ta 738400 e Textbook and Media Attempts: 1 of 3 used (b) X Your answer is incorrect. What was the company's acid-test ratio on December 31? (Round answer to 2 decimal places, e.g. 1.12:1.) Acid-Test Ratio 0.96 :1 eTextbook and Media Save for Later Attempts: 2 of 3 used Submit
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