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Diane Corporation is preparing its 2015 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31,
Diane Corporation is preparing its 2015 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31, 2015: Required: a. Compute working capital. b. Compute the quick ratio (quick assets are $70,000). (Round your answer to 2 decimal places.) Would your computation be different if the company reported $250,000 worth of contingent liabilities in the notes to the statements? Yes No
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