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7 ) What types of items are included in the company's inventory? 8 ) What inventory costing method or methods does the company use to

7) What types of items are included in the company's inventory?
8) What inventory costing method or methods does the company use to determine the inventory amount reported on its balance sheet?
9) How much inventory does the company have at the end of the most recent year? Did it increase or decrease in comparison to the previous year?
10) Within the notes to the financial statements, find the note on significant accounting policies. Based on the information in this note, when does the company recognize revenue?
11) Based solely on the company's net income, has the company's performance improved, retained constant, or deteriorated over the periods presented? Briefly explain your answer.
12) What percentage of total current assets is inventory during the three years presented? Has this percentage increased, decreased, or remained the same during this period?
13) How much cash does the company have at the end of the most recent year?
a. What percentage of total current assets is cash during the most recent two years presented? Has this percentage increased, decreased, or remained the same during this period?
14) What amount of accounts receivable, net did the company report at the end of the most recent year?
What was the gross amount of receivable (before allowance taken into consideration)?(Hint: you may need to look deeped into the Notes to financial statements for this one).

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