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Jacob Inc has the following ratios: Current Ratio = 1.85 Cash Ratio = .75 Jacob Inc has CURRENT LIABILITIES = $200. Assume that Jacobs Current
Jacob Inc has the following ratios:
Current Ratio = 1.85
Cash Ratio = .75
Jacob Inc has CURRENT LIABILITIES = $200.
Assume that Jacobs Current Assets consists of only Cash, Accounts Receivable, and Inventory.
In other words, Current Assets = Cash and Accounts Receivable and Inventory.
How much does Jacob hold in Accounts Receivable and Inventory?
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