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outstanding loans: one for $54,000 due December 31,2020 , and another one for which the next payment is due in four years. a. Complete the

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outstanding loans: one for $54,000 due December 31,2020 , and another one for which the next payment is due in four years. a. Complete the balance sheet and income statement, using any of the above information that is necessary. First, complete the balance sheet. Start by completing the assets portion and then the liabilities and owners' equity portions. (Round amounts to the nearest whole dollar.) Now complete the income statement. (Round amounts to the nearest whole dollar. Use parentheses or a minus sign for a net loss.) Calculate the current ratio. Calculate the current ratio. The current ratio is (Round to two decimal places as needed.) Now calculate the acid-test ratio. The acid-test ratio is (Round to two decimal places as needed.) Now calculate the equity ratio. The equity ratio is (Round to two decimal places as needed.) Now find the return-on-assets ratio. The return-on-assets ratio is %. (Round to two decimal places as needed.)

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