If fixed costs are $$425,000,$ variable costs are $75\%$ of net sales, and the company wants to reduce the price by $1\%,$ how many additional sales will they need to breakeven? $($show work in the cell below$)$

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$2.$ Calculate the current ratio for the above financial statements.

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$3.$ Calculate the quick ratio for the above financial statements.

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$4.$ Discuss the difference between the current ratio, the quick ratio, and acid test.