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The dassified balance sheet for a company reported current assets of $1,624,125, total liabilities of $810,540, Common Stock of $1,110,000, and Retained Eamings of $141,260.

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The dassified balance sheet for a company reported current assets of $1,624,125, total liabilities of $810,540, Common Stock of $1,110,000, and Retained Eamings of $141,260. The current ratio was 2.5 Which of the following statements is not correct? Multiple Choice Noncurrent liabilities are $141,260 Total Assets are \$2,061,800 Total Stockholders' equity is \$1,251,260, The amount of current assets is 2.5 times the amount of current Hablities

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