Value of inventory listed on the firm balance sheet

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Reference no: EM131949735

Brenda’s Bar and Grill has current liabilities of $29 million. Cash makes up 20 percent of the current assets and accounts receivable makes up another 50 percent of current assets. Brenda’s current ratio is 1.9 times.

Calculate the value of inventory listed on the firm’s balance sheet. (Enter your answer in millions of dollars rounded to 2 decimal places.)

Value of inventory $ m

Reference no: EM131949735

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