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Question - A junior analyst at Camberwell Corp. has jumbled the items on its balance sheet. Bank debt $11.0 million
Other current liabilities 14.1
Plant and equipment 36.7
Long-term debt 14.0
Accounts receivable 10.6
Marketable investments 8.3
Inventories 9.8
Goodwill 5.7
Other current assets 14.9
Accounts payable 10.3
Cash 5.6
Required - Calculate the value of (a) Camberwell's current assets, (b) its current liabilities, and (c) its net working capital?
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ZZ Tire Company has the following standard costs when producing a tire: They have gotten a special order for 30,000 custom tires that increase direct materials by $5 per tire and direct labor by $8 per tire. If they sell at the same price, should the..
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