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Cramer Cooling Company Reported the Following Results for the Year

question 54

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Cramer Cooling Company reported the following results for the year just ended:  Cash $50,000 Accounts receivable 45,000 Prepaid insurance 10,000 Inventory 51,300\begin{array} { l r } \text { Cash } & \$ 50,000 \\\text { Accounts receivable } & 45,000 \\\text { Prepaid insurance } & 10,000 \\\text { Inventory } & 51,300\end{array} Cramer Cooling's acid-test ratio is 1.25.How much are the company's current liabilities?


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Academic Perseverance

The sustained effort and persistence in pursuing and achieving educational goals despite challenges and obstacles.

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The ability to produce a desired or intended result, often used in contexts relating to psychology, medicine, and organizational performance.

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The process that initiates, guides, and maintains goal-oriented behaviors.

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