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equires Respondus LockDown Browser + Webcam Time Left:0.56:57 Ambrie Hy Attempt Page 21 of 33 Question 21 (3 points) Please use the following information

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equires Respondus LockDown Browser + Webcam Time Left:0.56:57 Ambrie Hy Attempt Page 21 of 33 Question 21 (3 points) Please use the following information (pertaining to Dance Company) to answer the following question. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net).. Inventory Property, plant and equipment... Total Assets Liabilities and Stockholders' Equity $ 45,000 25,000 20,000 210.000 $300,000 Current liabilities $ 50,000 Long-term liabilities.... 90,000 Stockholders' equity-common 160.000 Total Liabilities and Stockholders' Equity $300.000 E R T C H L B N M

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