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    Financial and Managerial Accounting Study Set 11
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    Exam 10: Liabilities: Current, Installment Notes, and Contingencies
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    The Core Company Had the Following Assets and Liabilities as of December
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The Core Company Had the Following Assets and Liabilities as of December

Question 71

Question 71

Essay

The Core Company had the following assets and liabilities as of December 31: The Core Company had the following assets and liabilities as of December 31:   Calculate the current ratio, working capital, and quick ratio. Round ratios to one decimal place. Calculate the current ratio, working capital, and quick ratio. Round ratios to one decimal place.

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Current ratio: ($58,000 + $25,...

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