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The current asset section of Stibbe Pharmaceutical Companys balance sheet included cash of $32,000 and accounts receivable of $52,000. The only other current asset is
The current asset section of Stibbe Pharmaceutical Companys balance sheet included cash of $32,000 and accounts receivable of $52,000. The only other current asset is inventory. The companys current ratio is 3.0 and its acid-test ratio is 2.5. Determine the ending balance in inventory and total current liabilities
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College Accounting Chapters 1-29
Authors: John J. Wild, Vernon J. Richardson, Ken W. Shaw
2nd Edition
0077398173, 978-0077398170
