Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet....

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Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet. The current ratio = 2.0 and the debt/equity ratio = 1.0. Assets Liabilities $ Current assets $80,000 Current liab. Noncurrent assets Noncurrent liab. Total liabilities Owner equity 100,000 Total liabilities Total assets $200,000 plus equity Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet. The current ratio = 2.0 and the debt/equity ratio = 1.0. Assets Liabilities $ Current assets $80,000 Current liab. Noncurrent assets Noncurrent liab. Total liabilities Owner equity 100,000 Total liabilities Total assets $200,000 plus equity

Answer rating: 100% (QA)

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