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Business, 20.09.2020 14:01 valenciadewalt25

The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $34,000 and accounts receivable of $54,000. The only other current asset is inventory. The company’s current ratio is 2.5 and its acid-test ratio is 2.0. Determine the ending balance in inventory and total current liabilities.

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The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $34,000...
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