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To what extent wasMarinEquipment Co. able to show a more favorable balance sheet at December 31 by holding its cash book open? (Compute working capital
To what extent wasMarinEquipment Co. able to show a more favorable balance sheet at December 31 by holding its cash book open? (Compute working capital and the current ratio.) Assume that the balance sheet that was prepared by the company showed the following amounts:(Round ratios to 2 decimal places, e.g. 4.56.)
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