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The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,380,300 and cost of
The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,380,300 and cost of goods sold was $8,913,195 All of Pelican's sales are made on account and are due within 30 days. Prior Year Current Year 568,330 $ 631,780 3,816,000 1,271,440 8,240,100 10,996,000 6,436,000 8,272,700 Cash and cash equivalents Accounts receivable 4,710,000 Inventory Total current assets Total assets Total current liabilities Total liabilities 936,360 8,300,030 11,116,020 7,760,300 8,465,900 Calculate the following
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