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Q3: Calculate the current ratio using the following information: () Cash $7,000 Accounts receivable 1,100 Prepaid rent 900 Land 40,000 Equipment 4,000 accumulated depreciation 800

Q3: Calculate the current ratio using the following information: ()
Cash $7,000
Accounts receivable 1,100
Prepaid rent 900
Land 40,000
Equipment 4,000
accumulated depreciation 800
accounts payable 3000
salaries payable 900
notes payable-long term 9000

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