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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: $ 57,130 Cash Short-term investments 13,000 Accounts

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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: $ 57,130 Cash Short-term investments 13,000 Accounts receivable 56,000 Inventory Prepaid expenses Accounts payable 250,000 5,020 107,000 Other current payables 31,600

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