Accounting Problem 4.8.14: Berlin's TVs has current liabilities of $26.7 million. Cash makes up 41 percent of the current assets and accounts receivable make up another 13 percent of current assets. Berlin's current ratio = 1.06 times. What is the value of inventory listed on the firm's balance sheet?
Accounting Problem 4.8.14: Berlin's TVs has current liabilities of $26.7 million. Cash makes up 41 percent of the current assets and accounts receivable make up another 13 percent of current assets. Berlin's current ratio = 1.06 times. What is the value of inventory listed on the firm's balance sheet?
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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Accounting Problem 14
Transcribed Image Text:Accounting Problem 4.8.14: Berlin's TVs has
current liabilities of $26.7 million. Cash makes
up 41 percent of the current assets and
accounts receivable make up another 13
percent of current assets. Berlin's current ratio
= 1.06 times.
What is the value of inventory listed on the
firm's balance sheet?
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