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From the given data, calculate the following ratios for the Logan Corporation for 20X6.
a) current ratio
b) quick ratio
c) debt ratio
d) rate of return on net sales

Prepare journal entries for the following transactions for Lamplighter Company

Prepare summary journal entries for the use of direct materials, direct labor and manufacturing overhead, and for the transfer of goods completed.

Compute the cost per equivalent unit for direct materials and conversion.