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(Solved): The condensed statements of Independent Auto Inc. follow: Required: 1. Calculate each year's curren ...




The condensed statements of Independent Auto Inc. follow:
Required:
1. Calculate each years current ratio. (Round the final
2. Express the income statement data in common-size percentages.
The condensed statements of Independent Auto Inc. follow: Required: 1. Calculate each year's current ratio. (Round the final answers to 1 decimal place. 2. Express the income statement data in common-size percentages.


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Requirement 1: Calculation of Current ratio for three years:
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