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27-12-2022
Business

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The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following:Inventory $ 840,000 Total assets $ 2,800,000 Current ratio 2.25 Acid-test ratio 1.2 Debt to equity ratio 1.8

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