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Morgan Sports Company just reported the following financial information Morgan Sports Equipment Company Assets Liabilities and Equity Cash $ 674,980 Accounts payable $1,733,990 Accounts receivable
Morgan Sports Company just reported the following financial information
| Morgan Sports Equipment Company | ||||||
| Assets | Liabilities and Equity | |||||
| Cash | $ 674,980 | Accounts payable | $1,733,990 | |||
| Accounts receivable | 1,854,230 | Notes payable | 2,111,470 | |||
| Inventories | 1,316,250 | Total current liabilities | $3,845,460 | |||
| Total current assets | $3,845,460 | |||||
| Sales and Costs | ||||||
| Net sales | $9,915,190 | |||||
| Cost of goods sold | $5,954,390
Calculate the firm | |||||
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