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Fox Inc. has total assets of $17 million of which $8 million are current assets (CA). Cash makes up 25% of the CA and accounts
Fox Inc. has total assets of $17 million of which $8 million are current assets (CA). Cash makes up 25% of the CA and accounts receivable makes up another 35% of CA. Brendas gross fixed assets has a book value of $16 million. What is the balance of inventory (in millions)? Please keep two decimal places, for example, 4.27. not 4 or 4.3.
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