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Compute rabens working capital before paying account payable

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Reference no: EM131820947

Problem

On December 31, 2012, Raben Company's total current assets were $300,000 and its total current liabilities were $170,000. On January 1, 2013, Raben paid $10,000 on accounts payable.

Required:

a) Compute Raben's working capital before and after paying the account payable.
b) Compute Raben's current ratio before and after paying the account payable.

Reference no: EM131820947

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