Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assets cash accounts receivable (net) inventory pr

Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $ 32.000 2 300...

80.2K

Verified Solution

Question

Accounting

image
Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $ 32.000 2 300 000 $ 450.000 Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) Long-term debit Common stock Retained earnings $? 32.000 306,000 ? $? Additional information Current ratio aut year end Total fiabilities Total stockholders' equity Gross marin percentage Tryventory tumover (Cost of goods sold - Ending inventory) Gruss margin 15 to 10 BO 30 112 times $ 375.000 Calculate the Inventory based on this information. Assume that the level of inventory did not change from last year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use the data below to construct the advance/decline line and Arms ratio for the market. Volume...

Finance
Q

10.4.36 Determine the? upper-tail critical values of F in each of the following? two-tail tests. a. alphaequals0.05?,...

Basic Math
Q

You may need to use the appropriate appendix table or technology to answer this question. A...

Statistics
Q

Compare the passage of charged and uncharged particles through matter. What are the approximate probabilities of...

Physics
Q

6 One card is randomly drawn from a deck of 52 cards What is the...

Geometry
Q

Find the value of x Write your answer as a decimal N 29 X O...

Geometry
Q

O Macmillan Learning Find the coordinates of the trigonometric point associated with an angle of...

Basic Math
Q

Consider the set of replicate measurements 51 5 g 52 0 g 50 7 g...

Statistics
Q

Question 4. Draw a small life-cycle graph for female cheetah's, labelling each arrow, to confirm...

Algebra
Q

The information that follows relates to equipment owned by Waterway Limited at December...

Accounting
Q

Jefferson Company is considering investing $ 33,000 in a new machine. The machine is expected...

Accounting
Q

The company issued a 100 000, stated interest rate of 5%, years till repayment 8...

Accounting