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Listed below are year-end account balances (5 in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 730 Building and equipment 920

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Listed below are year-end account balances (5 in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 730 Building and equipment 920 Cash-checking 34 Interest receivable 30 Inventory 16 Land 150 Notes receivable (long-term) 450 Petty cash fund 5 Prepaid rent 20 Supplies Trademark 40 Accounts payable-trade 560 Accumulated depreciation 80 Additional paid-in capital Allowance for uncollectible accounts 20 Cash dividends payable Common stock, at par Income tax payable Notes payable (long-term) 800 Retained earnings Deferred revenues 8 485 30 15 65 308 40 TOTALS 2,403 2,403 What is the amount of working capital for Symphony? What is the amount of working capital for Symphony? $98 million $143 million $128 million $113 million Excerpts from Hulkster Company's December 31, 2020 and 2019, financial statements are presented below: 2020 2019 $ 40,000 $ 36,000 $ 35,000 28,000 190.000 Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 114,000 425,000 186,000 108,000 405,000 225,000 28,000 240,000 32,500 Hulkster's 2020 average collection period is: 73 days O 104 days 109 days o 128 days Cendant Corporation's results for the year ended December 31, 2020, include the following material items: Sales revenue Cost of goods sold Selling and administrative expenses Loss on sale of investments Loss on discontinued operations Loss on impairment from continuing operations $ 6,200,000 3,800,000 1,300,000 200,000 500.000 80,000 Cendant Corporation's income from continuing operations before income taxes for is: $900,000 $880,000 $820,000. O $320,000. QUESTION 8 The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 60 Accounts payable $ 240 Accounts receivable (net) 170 Other liabilities 80 Notes receivable 50 Total current liabilities 320 Inventories 200 Long-term liabilities 110 430 150 Prepaid expenses 25 Total liabilities Total current assets 505 Shareholders' equity: Plant assets (net) 255 Capital stock Retained earnings Total shareholders' equity Total assets $ 760 Total liabilities and equity The current ratio is (Round your answer to two decimal places.): 180 330 $ 760 1.98 1.58 1.17 O O 0.66

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