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Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory$ 190,000Total
Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement:
Inventory$ 190,000Total assets$ 780,000Current ratio2.65Acid-test ratio1.70Debt to equity ratio1.60Required:
Compute the current assets for Spartan
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