Question
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): COUNTRY KETTLES, INC. Balance Sheets 2016 2017 Assets Cash $ 31,200 $ 30,370 Accounts receivable 70,700 73,840 Inventories 61,600 63,875 Property, plant, and equipment 155,000 165,400 Less: Accumulated depreciation 46,560 50,700 Total assets $ 271,940 $ 282,785 Liabilities and Equity Accounts payable $ 45,700 $ 47,870 Accrued expenses 7,080 6,260 Long-term debt 26,400 29,200 Common stock 24,000 28,800 Accumulated retained earnings 168,760 170,655 Total liabilities and equity $ 271,940 $ 282,785
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