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QUESTION

Problem Three The following information data was taken from the accounts ( some ) of Sandee's Corporation as of December 31, 2017:

Total debts

180,000

Instructions:

1. On the basis of the information above determine the December 31, 2017:

a.  amount of working capital

b.  current ratio

c.  receivable turnover

d.  inventory turnover

e.  debt to total assets

2. This company has liquidity? Explain.

3. This company has solvency? Explain. 

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