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Using the following year-end information for Calvin's Clothing calculate the current ratio and acid-test ratio for the business: 17 Cash Short-term investments Accounts receivable Inventory

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Using the following year-end information for Calvin's Clothing calculate the current ratio and acid-test ratio for the business: 17 Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 53,150 10,000 50,000 190,000 6,660 104,000 30,700 eBook

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