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How much would show as the value of the current assets

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Problem 1: A firm has total assets of $22,600, fixed assets of $16,800, long-term debt of $15,400, and total debt of $21,300. If the inventory is $2,700, what is the current ratio?

Problem 2: Peter's Plants currently has $800 in cash. The company owes $1,800 to suppliers for merchandise and $6,000 to the bank for a long-term loan. Customers owe Peter's $2,500. The inventory has a book value of $4,100 and an estimated market value of $5,400. If Peter's compiled a financial statement today, how much would it show as the value of the current assets?

Reference no: EM132778527

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