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ABC Company Comparative Balance Sheet 31-Dec Assets: Assets: 2023 _ 2022 _ Cash 10,000 12,000 Accounts Receivable 5,000 7,000 Inventory 15,000 23,000 Total Assets 30,000
ABC Company Comparative Balance Sheet 31-Dec Assets: Assets: 2023 _ 2022 _ Cash 10,000 12,000 Accounts Receivable 5,000 7,000 Inventory 15,000 23,000 Total Assets 30,000 42,000 Liabilities: Accounts Payable 7,000 10,000 Equity: Owner's Capital 23,000 32,000 Total Liabilities & Equity 30,000 42,000 ****Note the following items below Gross Profit is: $50,000 Sales revenue is: $125,000 Inventory Turnover Days in inventory
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