Question
Burt's TVs has current liabilities of $25.3 million. Cash makes up 43 percent of the current assets and accounts receivable makes up another 23 percent
Burt's TVs has current liabilities of $25.3 million. Cash makes up 43 percent of the current assets and accounts receivable makes up another 23 percent of current assets. Burt's current ratio = .88 times. What is the value of inventory listed on the firm's balance sheet?
A. 34m
B.1088
C.512
D. 757m
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
