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Discuss problem related to merchandise inventory

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Reference no: EM131629101

Question: 1. Find total current assets if The 7th Inning has $43,518 in cash; $3,988 in accounts receivable; and $96,532 in merchandise inventory.

2. Datatech, Inc., has $15,817 in accounts payable; $9,892 in wages payable; and $418,250 for its mortgage note. If owner's equity totals $45,986, find total liabilities and owner's equity.

Reference no: EM131629101

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