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At December 31, 2021, Robbins Products has cash of $19,000, receivables of $19,000, and inventory of $75,000. The company's equipment totals $188,000. Robbins owes
At December 31, 2021, Robbins Products has cash of $19,000, receivables of $19,000, and inventory of $75,000. The company's equipment totals $188,000. Robbins owes accounts payable of $20,000 and long-term notes payable of $166,000. Common stock is $33,500. Read the featuremen , Robbins Products Balance Sheet December 31, 2021 Assets Current assets: Cash Inventory Receivables Total assets $ 19,000 75,000 19,000 13
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