What is the value of inventory listed on balance sheet

Assignment Help Accounting Basics
Reference no: EM132456032

Question - Burt's TVs has current liabilities of $24.2 million. Cash makes up 33 percent of the current assets and accounts receivable makes up another 13 percent of current assets. Burt's current ratio = 1.03 times. What is the value of inventory listed on the firm's balance sheet?

Reference no: EM132456032

Questions Cloud

What is present value of perpetual stream of cash flows : What is the present value of a perpetual stream of annual cash flows, with the first cash flow of $100 to be received in one year
Prepare the journal entries for Milani : During 2018, Seida reported income of $300,000 and declared and paid dividends of $110,000. Prepare the 2018 journal entries for Milani
Question - Annuity Payment and EAR : Question - Annuity Payment and EAR. You want to buy a car, and a local bank will lend you $15,000. What is the monthly loan payment
What is the year-end balance in retained earnings : TriCycle, Corp. began the year 2008 with $27 million in retained earnings. What is the year-end 2008 balance in retained earnings for TriCycle
What is the value of inventory listed on balance sheet : Burt's TVs has current liabilities of $24.2 million. Burt's current ratio = 1.03 times. What is the value of inventory listed on the firm's balance sheet
What is the cost of the delivery truck : A company incurred the following costs for a new delivery truck: Purchase price $140,000. What is the cost of the delivery truck
What values and principles of american democracy were defied : How do the Salem Witch Trials relate to concepts of American democracy? What values and principles of American democracy were defied during the Salem Witch.
Do we have any notable scandals today : Lets have some fun this week comparing the 1920s with what is occurring in America today. Do you see any similarities from the Red Scare of last century.
What does the relationship between jake and brett tell us : How do these characters reflect F. Scott Fitzgerald's statement following WWI- "We are a generation grown to find all wars fought, all gods dead.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd