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Bridgeport Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. BRIDGEPORT COMPANY BALANCE SHEET DECEMBER 31, 2017

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Bridgeport Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. BRIDGEPORT COMPANY BALANCE SHEET DECEMBER 31, 2017 Cash $21,300 Accounts payable $73,000 Receivables 103,000 Long-term notes payable 225,000 Inventory 120,000 64,000 336,000 $524,300 Common stock (no par) Retained earnings Plant assets (net) 106,300 $524,300 The net income for 2017 was $43,000. Assume that total assets are the same in 2016 and 2017. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio (d) Return on assets

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