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Question 11 Tamarisk Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. TAMARISK COMPANY...

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Question 11 Tamarisk Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. TAMARISK COMPANYBALANCE SHEET DECEMBER 31, 2017 Cash $36,400 Accounts payable $78,100Receivables 69,200 Mortgage payable 141,500Inventory 99,300 Common stock ($1 par) 154,400Plant assets (net) 237,700 Retained earnings 68,600 M W The net income for 2017 was $26,700. Assume that total assets are the same in 2016 and 2017. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio(b) Acid-test ratio(c) Debt to assets ratio % (d) Return on assets % Click if you would like to Show Work for this question: Qpen Show Work LINK TO TEXT
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