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are on Items 1-4 based the following information. Mendez Corporation discloses the following in relation to its financial statements for 2012. Cash 37,500 Plant and

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are on Items 1-4 based the following information. Mendez Corporation discloses the following in relation to its financial statements for 2012. Cash 37,500 Plant and equipment 441,000 Total Assets 648,000 Income tax payable 37,500 Common stock 450,000 Gross margin for 2012 450,000 Accounts receivable, inventory? accounts payable, long-term debt, and retained earnings Total liabilities divided by 0.8 stockholder's equity Inventory based sales and 15 times ending inventory Inventory turnover based on cost 10.5 times goods sold and ending inventory Current ratio at year end 1.5 to 1 on of What was the balance in trade accounts 1. payable? bundinn 2. What was the balance in retained earnings? 3. What is the balance in inventory account? 4. What is the balance of accounts receivable

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