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JohnBoy Industries has a cash balance of $ 5 0 , 0 0 0 , accounts payable of $ 1 3 0 , 0 0

JohnBoy Industries has a cash balance of $50,000, accounts payable of $130,000, inventory of $180,000, accounts receivable of $215,000, notes payable of $125,000, and accrued wages and taxes of $39,500.

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