What is value of inventory listed on the firm balance sheet

Reference no: EM131931466

Question: ABC Expert Consulting Corp. has current liabilities of $18 million. Cash makes up 16 percent of current assets, and accounts receivable makes up another 50 percent of current assets. The corporation's current ratio is 2.8 times. What's the value of inventory listed on the firm's balance sheet?

Reference no: EM131931466

Questions Cloud

What is the expected net income for company : ABC expects sales of $20,179,000 this year. The cost of goods sold is expected to be $11,170,000 while selling, general and administrative (SGA) expenses.

What is the balance of the long-term notes payable account : On November? 1, 2016, EZ Products borrowed $66,000 on a 6%, 8-year note. On November 1, 2018, what is the balance of the Long-Term Notes Payable account?

Placebo effect-cracking the code : In effect, is a doctor who prescribes a sugar pill (even if it works) to lessen symptoms harming a patient? What do you think of the use of the placebo?

Exaplin the differences between libararies and television : Why are these comparisons important? briefly exaplin the differences between libararies, television, and public places with respect to First Amendment protectio

What is value of inventory listed on the firm balance sheet : ABC Expert Consulting Corp. has current liabilities of $18 million. Cash makes up 16 percent of current assets, and accounts receivable makes up another.

Design an original toy suitable for preschool aged children : Your assignment for this forum is to design an ORIGINAL toy suitable for preschool aged children, keeping in mind the 3 domains of development

Would you place more emphasis on auditing cash or land : When conducting an audit, would you place more emphasis on auditing cash or land and buildings?

Describe the potential need for someone with this product : Based on the picture inserted below of a lopsided license plate, describe the potential need for someone with this product.

Study for an exams in psychology : Think about the process used to read your textbook and study for an exams in psychology. Identify and describe each step in the process required for remembering

User Account

All Pages