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Please show work and explain. thank you. Following are balances shown on the financial statements of Stem Co. as of April 30, 2020: Flash $25,000;

Please show work and explain. thank you.

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Following are balances shown on the financial statements of Stem Co. as of April 30, 2020: Flash $25,000; Short-term investments $8,000; Prepaid insurance $1,500 Accounts receivable $95,000; Supplies $12,000; Notes receivable {due 5/1/2022) $4,000; Equipment $192,000; Factory Building $360,000,- Intangible assets 512,000; Accounts payable $90,000; Wages payable $12,000; Notes payable (clue 1/1/2021) $42,000; Notes payable (due 6/1/2030) $184,000. Unearned service revenues $21,000 Sales revenues $58,000 Rent expense $6,000 Utilities expense $2,200 Reguired: 1. What is Stern's current ratio as of April 30, 2020? 2. What is your conclusion regarding Stern's liquidity given the current ratio you calculated

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