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Halbur Company Reported Total Assets of $150,000,current Assets of $60,000,and

Question 91

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Halbur Company reported total assets of $150,000,current assets of $60,000,and total stockholders' equity of $60,000 and noncurrent liabilities of $65,000.
Requirements (show computations):
1.Compute working capital.
2.Compute the current ratio.

Correct Answer:

Answered by ExamLex AI

Answered by ExamLex AI

1. Working capital is calculated by subt...

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