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Dennisport Corporation has an acid-test ratio of 1.6. It has current liabilities of $52,000 and noncurrent assets of $82,000. The corporation's current assets consist of

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Dennisport Corporation has an acid-test ratio of 1.6. It has current liabilities of $52,000 and noncurrent assets of $82,000. The corporation's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and Inventory. If Dennisport's current ratio is 1.8, its inventory and prepaid expenses must be: Multiple Choice $11,600 $10.400 $54,000 S48,000

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