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There is a question on here the says, Complete the balance sheet by supplying the missing amounts on PR 13-20A on page 621. The bookkeeper
There is a question on here the says, "Complete the balance sheet by supplying the missing amounts on PR 13-20A on page 621. The bookkeeper for Packards Country Music Bar left this incomplete balance sheet. Packard's working capital is $90,000 and its debt to assets ratio is 40 percent". In the answer it has b. $90,000 = Current Assets - $37,500 Current assets = $127,500. Where did they get the $37,500 from?
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