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Cash 70,,000 Marketable Securities 100,000 Accounts Receivable 82,000 Inventory 156,000 Prepaid Insurance 15,000 Rent Expense 20,000 Property, Plant & Equipment 860,000 Accounts Payable 125,000 Taxes

Cash

70,,000

Marketable Securities

100,000

Accounts Receivable

82,000

Inventory

156,000

Prepaid Insurance

15,000

Rent Expense

20,000

Property, Plant & Equipment

860,000

Accounts Payable

125,000

Taxes Payable

40,000

Bonds Payable in 10 years

700,000

Equity

418,000

Consulting Revenue

45,000

What is the amount of total Current Assets? What is the acid test ratio?

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