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Lakeview Bar and Grill has total assets of $ 1 7 million of which $ 5 million are current assets. Cash makes up 1 2
Lakeview Bar and Grill has total assets of $ million of which $ million are current assets. Cash makes up percent of the current assets and accounts receivable makes up another percent of current assets. Lakeview's gross plant and equipment has a cost value of $ million and other longterm assets have a cost value of $ Using this information, what are the balance of inventory and the balance of depreciation on Lakeview's Bar and Grill's balance sheet?
Multiple Choice
$ million; $ million
$ million; $ million
$ million; $ million
$ million; $ million
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