Find the current ratio and acid-test ratio, Microeconomics

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Find the current ratio and acid-test ratio

Problem

Turbo Start has current assets totaling $1.5 million (this includes $500,000 in current inventory) and current liabilities totaling $50,000. Find the current ratio and acid-test ratio. Are the ratios at desirable levels? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Find the current ratio and acid-test ratio

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