Mastery 7.1 3 - 30,000 50,000 40,000 Notes payable, short...

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Year 3 Year 2 Year 1 Current assets Cash and marketable securities $140,000 $100,000 $80,000 Accounts receivable, net 180,000 160,000 140,000 Inventory 190,000 200,000 180,000 Total current assets 510,000 460,000 400,000 Current liabilities Accounts payable $130,000 $160,000 $140,000 Accrued liabilities
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Unformatted text preview: 30,000 50,000 40,000 Notes payable, short term 130,000 130,000 130,000 Total current liabilities 290,000 340,000 310,000 Sales (all on account) $2,550,000 $2,100,000 Cost of goods sold $1,700,000 $1,400,000 A/R Turnover 15 Average Collection 24.33 Period...
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This note was uploaded on 06/09/2011 for the course ACC F1504 taught by Professor Susan during the Spring '10 term at Keller Graduate School of Management.

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Mastery 7.1 3 - 30,000 50,000 40,000 Notes payable, short...

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