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11.11 points Exercise 9-9A (Algo) Comprehensive analysis LO 9-2, 9-3 The December 31, Year 4, balance sheet for Campbell Corporation is presented here. These
11.11 points Exercise 9-9A (Algo) Comprehensive analysis LO 9-2, 9-3 The December 31, Year 4, balance sheet for Campbell Corporation is presented here. These are the only accounts on Campbell's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information CAMPBELL CORPORATION Balance Sheet As of December 31, Year 4 eBook Assets Cash H Ask Accounts receivable (net) Print References Inventory Property, plant, and equipment (net) Liabilities and Stockholders' Equity) Accounts payable (trade) Income taxes payable (current). Long-term debt Common stock Retained earnings Additional Information Current ratio (at year end) Total liabilities Total stockholders' equity Gross margin percentage $20,000 310,000 $450,000 $ 20,000 $16,000 ? Inventory turnover (Cost of goods sold +Ending Inventory) 1.4 to 1.0 30% 11.2 times
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