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mooncalled mooncalled
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A year ago

Dennisport Corporation has an acid-test ratio of 1.7. It has current liabilities of $67,000 and noncurrent assets of $98,000. The corporation's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and inventory. If Dennisport's current ratio is 3.2, its inventory and prepaid expenses must be:



▸ $116,400

▸ $100,500

▸ $99,200

▸ $52,700
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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kayekalicokayekalico
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