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Solving for the unknown from a balance sheet, Accounting help please
The question I am having a hard time figuring out is:
A balance sheet showing Inventories $840,000 Total Assets $2,800,000 Current Ratio 2.25 Acid-Test Ratio 1.2 Debt to Equity Ratio 1.8 Determine the following: Current assets Shareholders equity Non current assets Long term liabilities I am SO Lost, any help would be great thanks. |
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