Problem liquidity ratiosbrendas bar and grill has current, Ask an Expert

Finance

Problem: Liquidity Ratios

Brenda's Bar and Grill has current liabilities of $28 million. Cash makes up 15 percent of the current assets and accounts receivable makes up another 30 percent of current assets. Brenda's current ratio is 2.0 times.

Calculate the value of inventory listed on the firm's balance sheet. (Enter your answer in millions of dollars rounded to 2 decimal places.)

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92606797

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