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Matlock Company has provided the following data: Inventory and prepaid expenses $50,000 Current ratio 2.2 Acid-test Ratio 1.5 Matlock Companys current liabilities were:

Matlock Company has provided the following data:

Inventory and prepaid expenses $50,000

Current ratio

2.2

Acid-test Ratio

1.5

Matlock Company"s current liabilities were:

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