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The current ratio was 3.75 to 1. Sales for the year were $73,000. Inventories were $20,000 and were equal to property, plant, and equipment at

The current ratio was 3.75 to 1. Sales for the year were $73,000. Inventories were $20,000 and were equal to property, plant, and equipment at carrying amount, and also equal to bonds payable. The accounts receivable collection period was 40 days. The bonds payable amount was 10 times cash. Total current assets were twice as much as common shares

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