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The Following Financial Information Was Taken from a Firm's Accounting

Question 18

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The following financial information was taken from a firm's accounting records on December 31, 2019. Use this information to determine the items below.
 Cash $56,000 Accounts Receivable (Net) 191,000 Merchandise Inventory 362,000 Property, Plant, and Equipment (Net) 454,000 Accounts Payable 139,000 Bonds Payable, 2028 160,000\begin{array}{ll}\text { Cash } & \$ 56,000 \\\text { Accounts Receivable (Net) } & 191,000 \\\text { Merchandise Inventory } & 362,000 \\\text { Property, Plant, and Equipment (Net) } & 454,000 \\\text { Accounts Payable } & 139,000 \\\text { Bonds Payable, 2028 } & 160,000\end{array}
(1.) Working capital
(2.) Current ratio
(3.) Acid-test ratio

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1. $470,00...

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