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Essay 1 (22 Points) Use the informtion below to answer this essay: Cash $20,000.00 A/R $70,000.00 Inventory $100,000.00 A/P $160,000.00 Bonds Payable...

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Essay 1 (22 Points) Use the informtion below to answer this essay: Cash $20,000.00 A/R $70,000.00 Inventory $100,000.00 A/P $160,000.00 Bonds Payable (long term debt) $400,000.00 Common Stock (Outstanding Shares 1,000) $30,000.00 Retained Earnings $180,000.00 Fixed Assets $580,000.00
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1. From the information above, calculate Total Current Assets. It may be more helpful to first create a Balance Sheet from the information provided. Enter your answer without decimal points. Do not include commas or $ signs. Example $45,051 would be entered as
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Use the following information to answer the questions that follow: Bayside Inc. 2005 Income Statement ($ in thousands) Net sales $5,680
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Bayside, Inc. 2004 and 2005 Balance Sheets ($ in thousands) 2004 2005 2004 2005 Cash $ 70 $ 180 Accounts payable
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