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Problem: Module 4 Textbook Problem 6 Learning Objectives: - 4-2 Calculate ratios for assessing a company's liquidity - 4-3 Calculate rotios for assessing a company's

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Problem: Module 4 Textbook Problem 6 Learning Objectives: - 4-2 Calculate ratios for assessing a company's liquidity - 4-3 Calculate rotios for assessing a company's solvency The December 31, Year 4, balance sheet for Jordan Corporation is presented here. These are the only accounts on Jordan's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information Required a. Compute the balance in trade accounts payable as of December 31, Year 4 b. Compute the balance in retained earnings as of December 31 , Year 4 . c. Compute the balance in the inventory account as of December 31, Year 4 . (Assume that the level of inventory did not change from last year.) (For oll requirements, negative amounts should be indicoted by a minus sign. Do noffound intermediate calculations, Round your answers to the neorest whole dollor amount.)

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