A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 56,000 Curren

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answerhappygod
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A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 56,000 Curren

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A corporation reports the following year-end balance sheet data.
The company's equity ratio equals: Cash $ 56,000 Current
liabilities $ 91,000 Accounts receivable 71,000 Long-term
liabilities 48,000 Inventory 76,000 Common stock 116,000 Equipment
161,000 Retained earnings 109,000 Total assets $ 364,000 Total
liabilities and equity $ 364,000
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