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Question - Bretton Inc. has the following data:
Current assets:
Cash $70,240
Accounts receivable 143,500
Inventories 202,700
Prepaid assets 52,325
Current liabilities $250,000
Required - Compute Bretton's quick ratio.
Prepare the company's equity section from December 31, 2016. Sunlight issued 1,000 shares of $1 par value common stock for $70 per share on January 1, 2015
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