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Effect of Transactions on Working Capital, Current

Effect of Transactions on Working Capital, Current Ratio, and Quick Ratio(Note: Consider completing this problem after Problem 13-1 to ensure that you obtain a clearunderstanding of the effect of various transactions on these measures of liquidity.)The following account balances are taken from the records of Veriform Inc.:Problem 13-1Effect of Transactions on Working Capital, Current Ratio, and Quick Ratio(Note: Consider completing Problem 13-2 after this problem to ensure that you obtain a clearunderstanding of the effect of various transactions on these measures of liquidity.)The following account balances are taken from the records of Liquiform Inc.:

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