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Brendas Bar and Grill has current liabilities of $16 million. Cash makes up 15 percent of the current assets and accounts receivable makes up another
Brendas Bar and Grill has current liabilities of $16 million. Cash makes up 15 percent of the current assets and accounts receivable makes up another 30 percent of current assets. Brendas current ratio is 2.0 times.
Calculate the value of inventory listed on the firms balance sheet. (Enter your answer in millions of dollars rounded to 2 decimal places.)
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