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Need help with this quick! Question 7 Acme Auto Supplies listed the following accounts on their December 31, 2007 Cash $60,000 Prepaid Insurance $40,000 Accounts

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Question 7

Acme Auto Supplies listed the following accounts on their December 31, 2007

Cash $60,000

Prepaid Insurance $40,000

Accounts Receivable $50,000

Inventory $70,000

Land held for investment $80,000

Land $95,000

Building $100,000

Less: Accumulated Depreciation <$30,000>

( Trademark $70,000

)Accounts Payable $65,000

Salaries Payable $10,000

Mortgage Payable $90,000

Common Stock $120,000

Retained Earnings $250,000

The current ratio is

2.93:1.

1.86:1.

3.38:1.

2.00:1. *** i think this one?? and this question

The total amount of working capital is $155,000. $60,000. $150,000. $145,000

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