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The chief francial officer of Martinez Corporation regsted that the accounting department prepare a preliminary statement of financial position December 2011 out the could get

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The chief francial officer of Martinez Corporation regsted that the accounting department prepare a preliminary statement of financial position December 2011 out the could get an idea of how the company stood. He knows that certain debt greements with its creditors regare the company to maintain a current ratio of 2.1. The preliminary statement of financial position is as follows MARTINEZ CORP Statement of Financial Position December 30, 2018 ties and Starter Current wat Current Babies Cash $30,00 Acer paytle Accounts receivable 30,000 Solares payable Prepaid insurance 42 $89 Non correntes Property, plant, and equipment 194168 Bank loan payable 82100 5264DOO Toral biti 121700 Shareholders Common shares 1000 0.0001400 Tobies and shareholders 5264.000 (a) Your has been saved Seescore details ater the date Calculate the current ratio and working capital based on the preliminary statement of financial pont December 2018 und entre todo, 21 Current ratio 1 Working as

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