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Required: 1. To assist in approaching the bank about the loan, Paul has asked you to compute the following ratios for both this year and
Required: 1. To assist in approaching the bank about the loan, Paul has asked you to compute the following ratios for both this year and last year: a. The amount of working capital This Year Last Year Working capital b. The current ratio. (Round your answers to 2 decimal places.) This Year Last Year Current ratio c. The acid-test ratio. (Round your answers to 2 decimal places.) This Year Last Year Acid-test ratio
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