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How about some math? The purpose of the balance sheet calculations is to reinforce how the variables are related. In these types of problems, you
How about some math? The purpose of the balance sheet calculations is to reinforce how the variables are related. In these types of problems, you will be given some information about the balance sheet and will need to find the missing piece. (See Chpater 3 Videos for Steps) Consider a firm with Total Assets of $5,698, Cash and Equivalents of $365, Inventories of $838 and Net Fixed Assets of $1,725. What is the firm's Accounts Receivable? You answer should be in dollars (example: $300 or 300 are both acceptable) Do not round empirical work until the answer On your own... think about how you might find the firm's current assets given the information in this
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