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The current asset section of stibbe pharmaceutical companys

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Reference no: EM13601142

The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $20,100 and accounts receivable of $41,800. The only other current asset is inventories. The company's current ratio is 2.2 and its acid-test ratio is 1.6.

Determine the ending balance in inventories and total current liabilities.

Reference no: EM13601142

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