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RHCP12 RHCP12
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Dennisport Corporation has an acid-test ratio of 2.5. It has current liabilities of $40,000 and noncurrent assets of $70,000. The corporation's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and inventory. If Dennisport's current ratio is 3.1, its inventory and prepaid expenses must be:

▸ $12,400

▸ $24,000

▸ $30,000

▸ $40,000
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Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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kady_kelsey2kady_kelsey2
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RHCP12 Author
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A year ago
Correct Slight Smile TY
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Brilliant ツ
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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