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The current asset section of Carrollton Company's balance sheet included: cash of $34,000 and accounts receivable of $54,000. Also. the only other current asset
The current asset section of Carrollton Company's balance sheet included: cash of $34,000 and accounts receivable of $54,000. Also. the only other current asset is inventory. Furthermore, you know that the company's current ratio is 2.5 and its acid-test ratio is 2.0. Please provide the ending balance in inventory and total current liabilities. Inventory Current liabilities
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
