Question: (a) WHAT is the current ratio and working capital based on the preliminary balance sheet? (b) Based on the results in (a), the CFO requested

(a) WHAT is the current ratio and working capital based on the preliminary balance sheet?

(b) Based on the results in (a), the CFO requested that $20,000 of cash be used to pay off the balance of the Accounts Payable account. show the new current ratio and working capital after the company takes these actions.

(a) WHAT is the current ratio and working capital based on the

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