=+b. What conclusions can you draw from these data? The bond indenture for the 20-year, 11% debenture
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=+b. What conclusions can you draw from these data?
The bond indenture for the 20-year, 11% debenture bonds dated January 2, 2007, required working capital of $560,000, a current ratio of 1.5, and a quick ratio of 1.2, at the end of each calendar year until the bonds mature. At December 31, 2008, the three measures were computed as follows:
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