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Novack Company Has Current Assets of $100,000,total Assets of $300,000,current

Question 161

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Novack Company has current assets of $100,000,total assets of $300,000,current liabilities of $75,000 of which accounts payable are $35,000,and total liabilities of $150,000.Calculate Novack's working capital and current ratio.

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Working Capital = Current Asse...

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