Calculate value of inventory listed on firm balance sheet

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Question - Brenda's Bar and Grill has current liabilities of $15 million. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Brenda's current ratio is 2.1 times.

Required - Calculate the value of inventory listed on the firm's balance sheet.

Reference no: EM132834378

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