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Using the Balance Sheet below - solve for Megaframe's Quick Ratio MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31, 2009 ASSETS Cash Accounts Receivable
Using the Balance Sheet below - solve for Megaframe's Quick Ratio MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31, 2009 ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets 50,000 70,000 110,000 220.000 $450,000 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Pavable Accrued Expenses 70,000 50.000 Long-Term Debt Common Stock Paid-In Capital Retained Earnings 130,000 70,000 40,000 Total Liabilities and Stockholders Equity S450.000 1:2 1:1:3
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