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Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: Cash $41,360 Short-term investments 9,400 Accounts receivable 41,000 Inventory 242,000
Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio:
Cash | $41,360 |
Short-term investments | 9,400 |
Accounts receivable | 41,000 |
Inventory | 242,000 |
Prepaid expenses | 16,240 |
Accounts payable | 88,600 |
Other current payables | 22,900 |
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