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Business, 05.02.2020 13:52 wulfredo67

Current assets totaled $54,000 and the current ratio was 1.5. assume that the following transactions were completed: (1) purchased merchandise for $7,000 on short-term credit and (2) purchased a delivery truck for $12,000, paid $3,000 cash, and signed a two-year interest-bearing note for the balance. required: compute the cumulative current ratio after each transaction. (round your answers to 2 decimal places.)

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Current assets totaled $54,000 and the current ratio was 1.5. assume that the following transactions...
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