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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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