Harwichport company has a current ratio of 30 and an, Ask an Expert

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Harwichport Company has a current ratio of 3.0 and an acid-test ratio of 2.8. Current assets equal $210,000, of which $5,000 consists of prepaid expenses. The remainder of current assets consists of cash, accounts receivable, marketable securities, and inventory. What is the amount of Harwichport Company's inventory?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9795725

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