Question: (Learning Objectives 1, 5: Reporting current liabilities) The top management of Pratt Marketing Services examines the following company accounting records at August 29, immediately before

(Learning Objectives 1, 5: Reporting current liabilities) The top management of Pratt Marketing Services examines the following company accounting records at August 29, immediately before the end of the year, August 31:

■ writing assignment Suppose Pratt’s management wants to achieve a current ratio of 2.25. How much in current liabilities should Pratt’s pay off within the next two days in order to achieve its goal?

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