Selected data from the 2019 financial statements of KRJ Manufacturing are presented below. On the company's...
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Selected data from the 2019 financial statements of KRJ Manufacturing are presented below. On the company's common-sized balance sheet, what would be the amount (i.e., percentage) shown for accounts receivable? Present your answer in percentage terms, rounded to one decimal place. e.g. 20.0%. Sales Cost of goods sold $19,874 $8,222 Salaries expense $3,687 Tax expense $1,851 Net income $1,745 Cash $166 Accounts receivable $543 Inventory $481 Net fixed assets $2,859 Total assets $7,818 Accounts payable $303 Accrued expenses $225 Long-term debt $1,198 Total liabilities $4,068 Cash flow from operations $2,647 Selected data from the 2019 financial statements of KRJ Manufacturing are presented below. On the company's common-sized balance sheet, what would be the amount (i.e., percentage) shown for accounts receivable? Present your answer in percentage terms, rounded to one decimal place. e.g. 20.0%. Sales Cost of goods sold $19,874 $8,222 Salaries expense $3,687 Tax expense $1,851 Net income $1,745 Cash $166 Accounts receivable $543 Inventory $481 Net fixed assets $2,859 Total assets $7,818 Accounts payable $303 Accrued expenses $225 Long-term debt $1,198 Total liabilities $4,068 Cash flow from operations $2,647
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Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
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