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From the simplified balance sheet and income statement of the business below,compute the following financial measures.
a.Working capital
b.Current ratio
Fluid Ounces
A unit of volume used primarily in the United States to measure liquids.
Cup
A small, open container used for drinking, typically with a handle and made of a hard material.
Metric Equivalent
A system of measurement that provides conversions between the metric system units and other measurement units.
Liters
A metric unit of volume equal to 1,000 cubic centimeters or approximately 0.26 U.S. gallons.
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