Extracts from the balance sheet of Michigan, Inc. are as follows: 
Compute the acid-test ratio.
Definitions:
Targeted Rates
Interest rates or inflation rates that central banks aim for to control economic variables like inflation and unemployment.
Tax System
The organized structure and set of rules under which taxes are collected by a government from individuals and businesses.
Incentivize
Incentivize refers to the practice of offering rewards or incentives to encourage certain behaviors or actions.
Balance Sheet
A report detailing a corporation's assets, liabilities, and equity held by shareholders at a particular moment.
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