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Question - Phillips, Inc. had the following financial data for the year ended December 31, 2025.
Cash $43,000
Cash equivalents 75,000
Long term investments 57,000
Total current liabilities 147,000
Required - What is the cash ratio as of December 31, 2025, for Phillips, Inc.?
green corporation a calendar year taxpayer had a deficit in accumulated eampp of 250000 at the beginning of the current
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