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Use the following ratios to determine the missing balance sheet amounts as of December 31. Each formula must include at least one of the
Use the following ratios to determine the missing balance sheet amounts as of December 31. Each formula must include at least one of the ratios. The company's current ratio is: The company's acid-test ratio is: The company's debt to equity ratio is: Current assets: Richards Publishing Company Balance Sheet At December 31 Cash Short-term investments Accounts receivable Assets 4.15 2.77 0.38 $60,000 80,000 +
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
