Barrow Electronics has current liabilities of $35.5 million. Cash makes up 38% of the current assets, and accounts receivable make up another 16% of the current assets. Barrow’s current ratio is 1.15. What is the value of inventory listed on Barrow’s balance sheet?

Barrow Electronics has current liabilities of $35.5 million. Cash makes up 38% of the current assets, and accounts receivable make up another 16% of the current assets. Barrow’s current ratio is 1.15. What is the value of inventory listed on Barrow’s balance sheet?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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