Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. The company also reported a

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Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. The company also reported a current ratio of 1.5. What amount of current liabilities did the company report?

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Feb 27, 2015 10:45 AM

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Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. The company also reported a

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