GoodBuy’s asset/liability ratio (called the current ratio) is 20,000/10,000 = 2. On the same date, the company’s balance sheet is as shown in the table below. On December 1, 2008, GoodBuy has available raw material that is sufficient to manufacture 100 cell phones and 100 recorders. The per-unit labor costs, raw material costs, and selling price of each product are given below. is a small electronics company that manufactures cell phones and digital recorders.
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