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Information from Blain Company's trial balance is as follows: Cash = $120,000 Investment Securities =$375,000 Accounts Receivable = $2,880,000 Inventories = $3,351,000 Prepaid Expenses =

Information from Blain Company's trial balance is as follows:

Cash = $120,000

Investment Securities =$375,000

Accounts Receivable = $2,880,000

Inventories = $3,351,000

Prepaid Expenses = $60,000

ST Notes Payable = $75,000

Accounts Payable = $975,000

Accrued Expenses = $625,000

Income Taxes Payable = $25,000

Payments due within one year on long-term debt = $175,000

Long Term Assets = $10,450,000

Long Term Liabilities = $1,450,000

a) Calculate Blain's current ratio

b)Calculate Blain's quick ratio

c)Calculate Blain's debt ratio

d)Calculate the asset mix for Inventories

e)Calculate Blain's working capital

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