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Need help asap! Thank you, will upvote! Liquidity Ratlos Burt's TVs has current liabilities of $24.4 million. Cash makes up 35 percent of the current
Need help asap! Thank you, will upvote!
Liquidity Ratlos Burt's TVs has current liabilities of $24.4 million. Cash makes up 35 percent of the current assets and accounts receivable makes up another 15 percent of current assets. Burt's current ratio = 1.01 times. What is the value of inventory listed on the firm's balance sheet? (Do not round Intermediate steps.) Multiple Choice $3.7 m $8.54 m $50 m $12.32 mStep by Step Solution
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