What is the value of inventory listed on the firms balance, Finance Basics

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What is the value of inventory listed on the firms balance

Ernie's Mufflers has current liabilities of $45 million. Cash makes up 5 percent of the current assets and accounts receivable makes up another 50 percent of current assets. Ernie's current ratio = 1.5 times. What is the value of inventory listed on the firm's balance sheet?

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Finance Basics: What is the value of inventory listed on the firms balance

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Request for Solution File

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Finance Basics: What is the value of inventory listed on the firms balance

Reference No:- TGS0725921

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Determine elongation of pipe if pipe temperature increases

Q : Weights of envelopes sent from an insurance

Q : How much money did it cost to buy these shares

Q : What is scubas tax liability and average tax rate

Q : What is the value of inventory listed on the firms balance

Q : Determine the frequency of the wave received

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Q : Determine v and w after cable tensions have been applied

Q : What is an incremental cash flow for a project

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the value of inventory listed on the firms balance

Reference No:- TGS0725921

Recent Questions Asked Finance Basics

Q : Determine elongation of pipe if pipe temperature increases

Q : Weights of envelopes sent from an insurance

Q : How much money did it cost to buy these shares

Q : What is scubas tax liability and average tax rate

Q : What is the value of inventory listed on the firms balance

Q : Determine the frequency of the wave received

Q : What does the scale read during the acceleration

Q : Determine v and w after cable tensions have been applied

Q : What is an incremental cash flow for a project

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