Question
Burt's TVs has current liabilities of $24.6 million. Cash makes up 37 percent of the current assets and accounts receivable makes up another 17 percent
Burt's TVs has current liabilities of $24.6 million. Cash makes up 37 percent of the current assets and accounts receivable makes up another 17 percent of current assets. Burt's current ratio = .99 times. What is the value of inventory listed on the firm's balance sheet? (Do not round intermediate steps.)
46m, 4.14m, 11.2m, 9.1m
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International Business Finance
Authors: Michael Connolly
1st Edition
0415701538, 9780415701532
