Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Razor Ramon Enterprises needs help checking the accuracy of their balance sheet. The firm reports the following: Entry Value Entry Value Cash and marketable securities

Razor Ramon Enterprises needs help checking the accuracy of their balance sheet. The firm reports the following:

Entry Value Entry Value Cash and marketable securities $200,602.00 Goodwill and other assets $87,413.00 Accounts payable $80,768.00 Net fixed assets $450,903.00 Common stock $100,000.00 Notes payable $67,346.00 Retained Earnings $541,753.00 Long term debt $300,063.00 Accounts Receivable $285,420.00 Inventory $??????

What is the inventory for Razor Ramon for the financials to be correct?

Answer Format: Currency: Round to: 2 decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jeff Madura

7th Edition

0134989961, 978-0134989969

Students also viewed these Finance questions