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Exercise 13-9A (Algo) Comprehensive analysis LO 13-2, 13-3 The December 31. Year 4, balance sheet for Finch Corporation is presented here. These are the only

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Exercise 13-9A (Algo) Comprehensive analysis LO 13-2, 13-3 The December 31. Year 4, balance sheet for Finch Corporation is presented here. These are the only accounts on Finch's balance sheet Amounts indicated by question marks (7) can be calculated using the following additional information: FINCH CORPORATION Balance Sheet As of December 31, Year 4 Assets Cash $ 34, eee Accounts receivable (net) ? Inventory ? Property, plant, and equipment (net) 380,000 $450,000 Liabilities and Stockholders' Equity Accounts payable (trade) $ ? Income taxes payable (current) 34, eee Long-term debt Connon stock 306,880 Retained earnings $ .2 Additional Information Current ratio (at year end) Total liabilities + Total stockholders' equity Gross margin percentage Inventory turnover (cost of goods sold + Ending inventory) Gross margin for Year 4 1.2 to 1.0 80% 20% 12.5 times $321,000 Required a. Compute the balance in trade accounts payable as of December 31. Year 4. b. Compute the balance in retained earnings as of December 31, Year 4 c. Compute the balance in the inventory account as of December 31, Year 4. (Assume that the level of inventory did not change from last year.) (For all requirements, negative amounts should be indicated by a minus sign. Do not round Intermediate calculations. Round your answers to the nearest whole dollar amount.) b Accounts payable Retained earnings Inventory Construct a 95% confidence interval to estimate the population mean with x = 117 and 6 = 27 for the following sample sizes a) n = 36 b)n = 41 c) n = 63 a) With 95% confidence, when n = 36, the population mean is between the lower limit of and the upper limit of (Round to two decimal places as needed.)

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