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Given inventories, total assets, current ratio, acid-test ratio, and debt to equity r
Determine the following 2011 balance sheet items using the information provided in the problem.
Current Assets Shareholders’ Equity Noncurrent Assets Long-term liabilities The December 31, 2011, balance sheet revealed the following: Inventories $ 840,000 Total assets $2,800,000 Current ratio 2.25 Acid-test ratio 1.2 Debt to equity ratio 1.8 |
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