Question: Problem 3-34 Using ratios to determine account balances [LO3-2] We are given the following information for the Pettit Corporation. Current assets are composed of cash,

Problem 3-34 Using ratios to determine account

Problem 3-34 Using ratios to determine account balances [LO3-2] We are given the following information for the Pettit Corporation. Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)

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