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Saved Help Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business Seve & Ext Submit Cash

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Saved Help Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business Seve & Ext Submit Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 53,590 10,500 51,000 200,000 9,870 104,500 30,900 Multiple Choice ( ) 1.40 and 1.18 O 42 and 1.18 36 of 55 3

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