Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $ 32,000 ? ?...
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Accounting
Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $ 32,000 ? ? 300,000 $ 450,000 Liabilities and Stockholders Equity Accounts payable (trade) Income taxes payable (current) Long-term debt Common stock Retained earnings $? 32,000 ? 306,000 ? $7 Additional Information Current ratio lat year end) Total liabilities. Total stockholders' equity Gross margin percentage Inventory tumover (Cost of goods sold Ending inventory Gross margin 1.5 to 10 80 % 30 % 112 times $ 375,000 Calculate the Inventory based on this information. Assume that the level of inventory did not change from last year
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