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Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4. The company's current assets consist of cash, marketable securities, accounts receivable,

Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4. The company's current assets consist of cash, marketable securities, accounts receivable, and inventory. The company's inventory is $40,000. Cotuit Company's current liabilities must be: $32,000 $120,000 $50,000 $40,000

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