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show work 1. (20 points) Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet. The current ratio is
show work 1. (20 points) Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet. The current ratio is 2.0, and the debt equity ratio is 1.0. (show your calculations to get full points.) Asset Current assets Liabilities Current liabilities $80,000 Noncurrent assets Noncurrent liabilities Total liabilities 100.000 Owner equity Total liability and owner equity Total assets
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