=+b. Interpret the inventory ratios by considering Dells and Hewlett-Packards operating strategies. The following data were taken
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=+b. Interpret the inventory ratios by considering Dell’s and Hewlett-Packard’s operating strategies.
The following data were taken from the financial statements of Quality Construction Inc. for December 31, 2008 and 2007:
December 31, December 31, 2008 2007 Accounts payable $ 240,000 $ 224,000 Current maturities ofserial bonds payable 320,000 320,000 Serial bonds payable, 10%, issued 2004, due 2014 1,600,000 1,920,000 Common stock, $1 par value 160,000 160,000 Paid-in capital in excess of par 800,000 800,000 Retained earnings 3,404,800 2,560,000
(continued)
336 Chapter 9
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