Justice Corporation reported the following financial statem (Click the icon to view the financial statements.) Assume...
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Justice Corporation reported the following financial statem (Click the icon to view the financial statements.) Assume all sales are on credit. During 2019, Justice's days Financial Statements (Use a 365-day year. Round interim calculations to three d OA. 26 days. OB. 28 days. OC. 23 days OD. 24 days. Justice Corporation Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash and Cash Equivalents $ 2,207 $ 1,837 Accounts Receivable 2,034 1,786 Merchandise Inventory 1,340 1,045 Prepaid Expenses 1,547 2,005 Total Current Assets 7,128 6,673 Other Assets 17,829 15,769 24,957 $ Total Assets 22,442 Liabilities Current Liabilities 7.230 $ 8.394 Long-term Liabilities 4,861 3,301 Total Liabilities 12.100 11,695 Stockholders' Equity Common Stock, no par 5.557 4,447 Retained Earnings 7,300 6.300 Total Stockholders' Equity 12.577 10.747 Total Liabilities and Stockholders' Equity 24,957 $ 22,442 Justice Corporation Justice Corporation reported the following financial statem (Click the icon to view the financial statements.) Assume all sales are on credit. During 2019, Justice's days Financial Statements (Use a 365-day year. Round interim calculations to three d OA. 26 days. OB. 28 days. OC. 23 days OD. 24 days. Justice Corporation Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash and Cash Equivalents $ 2,207 $ 1,837 Accounts Receivable 2,034 1,786 Merchandise Inventory 1,340 1,045 Prepaid Expenses 1,547 2,005 Total Current Assets 7,128 6,673 Other Assets 17,829 15,769 24,957 $ Total Assets 22,442 Liabilities Current Liabilities 7.230 $ 8.394 Long-term Liabilities 4,861 3,301 Total Liabilities 12.100 11,695 Stockholders' Equity Common Stock, no par 5.557 4,447 Retained Earnings 7,300 6.300 Total Stockholders' Equity 12.577 10.747 Total Liabilities and Stockholders' Equity 24,957 $ 22,442 Justice Corporation
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