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Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet. The current ratio = 2.0 and the debt/equity

Use your knowledge of balance sheets and ratio analysis tocomplete the following abbreviated balance sheet. The currentrati

Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet. The current ratio = 2.0 and the debt/equity ratio = 1.0. Assets Liabilities $ Current assets $80,000 Current liab. Noncurrent assets Noncurrent liab. Total liabilities Owner equity 100,000 Total liabilities Total assets $200,000 plus equity

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