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You are evaluating the balance sheet for SophieLex s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $

You are evaluating the balance sheet for SophieLexs Corporation. From the balance sheet you find the following balances: cash and marketable securities = $310,000; accounts receivable = $1,340,000; inventory = $2,240,000; accrued wages and taxes = $570,000; accounts payable = $870,000; and notes payable = $740,000.

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