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Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the defensive...

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Accounting

Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the defensive interval ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00.

2015

Cash & marketable securities

$146

Accounts receivable

$356
Inventory

$456

Total other current assets

$248

Fixed assets (net)

$1,086

Intangible assets

$249

Long-term investments

$324

Sales

$1,988

Cost of goods sold

$1,057

Cash operating expenses

$648

Depreciation expenses

$377

Interest expenses

$156

Gain on sale of asset

$131

Tax expenses

$183

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