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Brief Exercise 172 Selected financial statement data for Freeman Company are presented below.

 12/31/17 Cash \$?10,000 Short-term investments 20,000 Accounts receivable 60,000 Inventories 75,000 Total current liabilities 100,000
Compute the?current?ratio at December 31, 2017.?(Round answer to 2 decimal places, e.g. 2.15:1)

 Current?ratio :1

Compute the?acid-test ratio at December 31, 2017.?(Round answer to 2 decimal places, e.g. 2.15:1)

 Acid-test ratio :1

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This question was answered on: Apr 19, 2020

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