What is the value of inventory listed on firm balance sheet

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Reference no: EM131836361

1. Burt's TVs has current liabilities of $24.4 million. Cash makes up 35 percent of the current assets and accounts receivable makes up another 15 percent of current assets. Burt's current ratio = 1.01 times. What is the value of inventory listed on the firm's balance sheet? (Do not round intermediate steps.)

$8.54 m

$3.7 m

$12.32 m

$50 m

2. What annual rate of return is earned on a $1,600 investment when it grows to $3,700 in eleven years?

1.31%

2.31%

7.24%

7.92%

Reference no: EM131836361

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