Outdoor Adventures Inc. is in a highly seasonal business, and the following summary balance sheet data...
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Outdoor Adventures Inc. is in a highly seasonal business, and the following summary balance sheet data show its assets and liabilities at peak and off-peak seasons (in thousands of dollars): Peak Off-Peak Cash $ 50 $ 30 Marketable securities 0 20 Accounts receivable 40 Inventories 100 550 Net fixed assets 500 500 Total assets $690 $620 Spontaneous liabilities $ 30 $ 10 Short-term bank debt 50 0 Long-term debt 300 300 Common equity 310 310 Total claims $690 $620 What can we conclude from this data? a. Without income statement data, we cannot determine the aggressiveness or Outdoor Adventures Inc. is in a highly seasonal business, and the following summary balance sheet data show its assets and liabilities at peak and off-peak seasons (in thousands of dollars): Peak Off-Peak Cash $ 50 $ 30 Marketable securities 0 20 Accounts receivable 40 Inventories 100 550 Net fixed assets 500 500 Total assets $690 $620 Spontaneous liabilities $ 30 $ 10 Short-term bank debt 50 0 Long-term debt 300 300 Common equity 310 310 Total claims $690 $620 What can we conclude from this data? a. Without income statement data, we cannot determine the aggressiveness or
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