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Question 20 4 pts 20. Consider the following balance sheet information for Gardenia Co: Current ratio = 4.5x Total current liabilities = $150,000 Accounts receivable

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Question 20 4 pts 20. Consider the following balance sheet information for Gardenia Co: Current ratio = 4.5x Total current liabilities = $150,000 Accounts receivable = $325,000 Inventories = $200,000 If current assets consist only of cash, accounts receivable, and inventories, what is the amount of cash on Gardenia's balance sheet? a. $75,000 b. $100,000 c. $125,000 d. $150,000 e. none of the above

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