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The following items are taken from the financial statements of Tracy Company for 2012: (a) Calculate the net income. (b) Calculate the balance of Retained

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The following items are taken from the financial statements of Tracy Company for 2012: (a) Calculate the net income. (b) Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2012 (c) Compute the current ratio, debt to total assets ratio, and earnings per share value. The average number of shares outstanding for 2012 was 10,000

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