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Burt's TVs has current liabilities of $26 million. Cash makes up 50 percent of the current assets and accounts receivable makes up another 30 percent
Burt's TVs has current liabilities of $26 million. Cash makes up 50 percent of the current assets and accounts receivable makes up another 30 percent of current assets. Burt's current ratio = .95 times. What is the value of inventory listed on the firm's balance sheet? (Do not round intermediate steps.)
O $13 m
O $20 m
O $4.94 m
O $7.41 m
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