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Compute the total current assets and total quick assets

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Reference no: EM131663364

Problem - Given the following balance sheet:

Cash (including deposit-in-transit): $1,078

Receivables: $909

Merchandise inventories: $4,902

Other current assets: $561

Property, plant, and equipment (net of depreciation): $13,929

Retained earnings: $7,344

Total current liabilities: $7,714

Compute the total current assets and total quick assets.

Reference no: EM131663364

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