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Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 20,100 8,500 13,400 24,000

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Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 20,100 8,500 13,400 24,000 6,800 28,000 Compute the (a) current ratio and (b) acid-test ratio. ces Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Compute the current ratio. Current Ratio Denominator: Numerator: 1 11 Cash Current Ratio Current ratio oto 1 / 11 Current Ratio Acid Test Ratio > On October 1, Organic Farming purchases wind turbines for $160,000. The wind turbines are expected to last six years, have a salvage value of $22,000, and be depreciated using the straight-line method. 1. Compute depreciation expense for the last three months of the first year. 2. Compute depreciation expense for the second year. 1. Straight-line depreciation for the last three months of the first year 2. Straight-Line depreciation for the second year

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