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During the past few years, Tyson Company has taken out the following loans from the bank: 1. On April 1, 2033, Tyson Company borrowed $28,320
During the past few years, Tyson Company has taken out the following loans from the bank: 1. On April 1, 2033, Tyson Company borrowed $28,320 on a 10%, 10-month note payable 2. On May 31, 2033, Tyson Company borrowed $17,900 on a 15%, 6-month note payable 3. On June 1, 2034, Tyson Company borrowed $50,400 on a 13%, 8-month note payable 4. On July 31, 2034, Tyson Company borrowed $32, 100 on an 8%, 4-month note payable Calculate the total amount of interest expense related to these four loans that Tyson Company would report in its 2034 income statement. The current asset section of XYZ Company's balance sheet consists of cash, accounts receivable, and inventory. The December 31, 2024 balance sheet revealed the following: Inventory $110, eee Current ratio 2.40 Acid-test ratio 1.60 Calculate the total current assets reported by XYZ Company at December 31, 2024
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