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Exercise 8 - 1 8 ( Algo ) Calculate and analyze liquidity ratios ( LO 8 - 6 ) Selected financial data regarding current assets

Exercise

8 - 18 (

Algo

)

Calculate and analyze liquidity ratios

(

8 - 6)

Selected financial data regarding current assets and current llabilitles for Duchess's Line, a competitor in the cruise line industry, is provided:

\

table

[[

Current assets:

], [

Cash and cash equivalents,$

442

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