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Please Show All Work Involved! Thank You! The current asset section of Stibbe Pharmaceutical Company's balance sheet Included cash of $22,000 and accounts recelvable of
Please Show All Work Involved! Thank You!
The current asset section of Stibbe Pharmaceutical Company's balance sheet Included cash of $22,000 and accounts recelvable of $42000. The only other current asset is Inventories. The company's current ratio Is 2.5 and its acid-test ratio is 2.0 Determine the ending balance In Inventories and total current liablities. Inventories Current liabilitiesStep by Step Solution
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