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Liquidity Ratios Burt's TVs Has Current Liabilities of $25 Million

Question 77

Multiple Choice

Liquidity Ratios Burt's TVs has current liabilities of $25 million. Cash makes up 40 percent of the current assets and accounts receivable makes up another 20 percent of current assets. Burt's current ratio = .85 times. What is the value of inventory listed on the firm's balance sheet?


A) $4.25 m
B) $8.5 m
C) $10 m
D) $40 m

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