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Question(s) / Instruction(s):

Sanderson Company’s year-end balance sheets follow.

 

 

 

 (1)         Compute the current ratio for the year ended 2012, 2011, and 2010. (Round your answers to 2 decimal places.)

 (2)         Compute the acid-test ratio for the year ended 2012, 2011, and 2010. (Round your answers to 2 decimal places.)

 

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