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Compute Jamar Company’s current ratio using the fo

Compute Jamar Company’s current ratio using the following information.Accounts receivable . . . . . . . . . . . . . . $15,000Long-term notes payable . . . . . . . . . . $20,000Accounts payable . . . . . . . . . . . . . . . . . 10,000Office supplies . . . . . . . . . . . . . . . . . . . 1,800Buildings . . . . . . . . . . . . . . . . . . . . . . . 42,000Prepaid insurance . . . . . . . . . . . . . . . . . . 2,500Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000Unearned services revenue . . . . . . . . . . . . 4,000View Solution: Compute Jamar Company s current ratio using the following inform

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