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Mikey^ prime s Bar and Grill has total assets of $20 million, of which $14 million are current assets. Cash makes up 10 percent of

Mikey^ prime s Bar and Grill has total assets of $20 million, of which $14 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Mikey's gross plant and equipment has a book value of $17.0 million, and other long-term assets have a book value of $700,000

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