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ing the following year-end information for Calvins Clothing, calculate the current ratio and acid-test ratio for the business: Cash $ 52,070 Short-term investments 8,500 Accounts
ing the following year-end information for Calvins Clothing, calculate the current ratio and acid-test ratio for the business:
Cash | $ 52,070 |
Short-term investments | 8,500 |
Accounts receivable | 47,000 |
Inventory | 160,000 |
Prepaid expenses | 11,310 |
Accounts payable | 102,500 |
Other current payables | 30,300 |
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