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Current assets totaled 100000 and the current ratio was 15

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Current assets totaled $100,000 and the current ratio was 1.5. Assume that the following transactions were completed. (1) paid $6,000 for merchandise purchased on short-term credit. (2) purchased a delivery truck for $11,000 cash. (3) wrote off a bad accoutn receivable for $3,000. (4) paid previously declared dividends in the amount of $28,000.

Reference no: EM13597785

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