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Ratio and working capital
Cash 25,000
Accounts Payable 14,000 Accounts receivable 27,000 Notes Payable Due within one year 24,000 Merchandise Inventory 24,000 Land 40,000 Notes Payable beyond one year 120,000 Equipment 33,000 Buildings 80,000 Accumulated Depreciation: Buildings & Equipment 12,000 What is the current ratio? I say 2 to1 What is the working capital of the company? I say $59,000 |
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