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The current asset section of Stibbe Pharmaceutical Companys balance sheet included cash of $25,000 and...

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Accounting

The current asset section of Stibbe Pharmaceutical Companys balance sheet included cash of $25,000 and accounts receivable of $45,000. The only other current asset is inventories. The companys current ratio is 2.5 and its acid-test ratio is 2.0. Determine the ending balance in inventories and total current liabilities.

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