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Liquidity Ratios Burt's TVs has current liabilities of $25.2 million. Cash makes up 42 percent of the current assets and accounts receivable makes up another
Liquidity RatiosBurt's TVs has current liabilities of $25.2 million. Cash makes up 42 percent of the current assets and accounts receivable makes up another 22 percent of current assets. Burt's current ratio = .87 times. What is the value of inventory listed on the firm's balance sheet? (Do not round intermediate steps.)
Multiple Choice
- $10.58 m
- $4.82 m
- $7.89 m
- $36 m
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