Calculate muggles'' current ratio
Muggles Manufacturing has asked you to calculate the company's current ratio. All you have is the partial balance sheet below, the year's sales revenue, and two ratios also shown below. Using that information, calculate Muggles' current ratio.
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under a plan of complete liquidation, jayhawk corporation distributed land, having an adjusted base of $26,000 to its sole shareholder. the land was subject to a liability of $38,000 which the shareholder assumed for legitimate purposes. the fair
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