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XYZ Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash 6,300,000 Accounts Receivable 4,000,000 Inventory 3,700,000 Prepaid Expenses
- XYZ Company has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 6,300,000 |
| Accounts Receivable | 4,000,000 |
| Inventory | 3,700,000 |
| Prepaid Expenses | 1,600,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 13,200,000 |
| Accumulated Depreciation | 9,600,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
1118856996, 978-1118856994
