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Sprague Company has been operating for several years, and on December 31,2025 , presented the following balance sheet. The net income for 2025 was $25,000.

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Sprague Company has been operating for several years, and on December 31,2025 , presented the following balance sheet. The net income for 2025 was $25,000. Assume that total assets are the same in 2024 and 2025 . (b) For each of the four ratios, indicate its significance as a tool in the analysis of the financial soundness of the comparry

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