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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?

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.5P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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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?
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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