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The following information pertains to Coronado Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales
The following information pertains to Coronado Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $44000 Accounts receivable (net) 27000 Inventory 24000 Property, plant and equipment 211000 Total Assets $306000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common $65000 92000 149000 Total Liabilities and Stockholders' Equity $306000 Income Statement Sales revenue $90000
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