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I need help with this question. A corporation reports the following year-end balance sheet data. The company's current ratio equals: Cash$60,000Current liabilities$95,000Accounts receivable75,000Long-term liabilities20,000Inventory80,000Common stock120,000Equipment165,000Retained

I need help with this question.

A corporation reports the following year-end balance sheet data. The company's current ratio equals:

Cash$60,000Current liabilities$95,000Accounts receivable75,000Long-term liabilities20,000Inventory80,000Common stock120,000Equipment165,000Retained earnings145,000Total assets$380,000Total liabilities and equity$380,000

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