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The current asset section of Stibbe Pharmaceutical Company's balance sheet Included cash of $38,000 and accounts receivable of $58,000. The only other current asset
The current asset section of Stibbe Pharmaceutical Company's balance sheet Included cash of $38,000 and accounts receivable of $58,000. The only other current asset is Inventory. The company's current ratio is 21 and its acid-test ratio is 1.6. Determine the ending balance in inventory and total current liabilities. Inventory Current liabilities
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
