Use the following information to compute the current ratio: Accounts Payable . . . . . .

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Use the following information to compute the current ratio:
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,700
Paid-In Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,650
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,500
Accrued Wages Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,300

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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