Consider the balance sheet for ABC corporation below. Fill in the blanks and answer the following true$/$false questions below:

Cash: $$75M$

Accounts Receivable: $$250M$

Inventory:

Total Current Assets: $$450M$

Property:

Equipment: $$50M$

Total Long$-$Term Assets: $$350M$

Total Assets: $$800M$

The value of Inventory is $$325M$

True

False

The value of Property is $$300M$

True

False

The value of Total Current Liabilities is $$120M$

True

False

Short$-$Term Loans; $$35M$

Accounts Payable: $$85M$

Total Current Liabilities:

Long$-$Term Debt: $$400$ M

Other Long$-$Term Liabilities: $$100M$

Total Long$-$Term Liabilities: $$500M$

Total Liabilities:

Total Stockholder's Equity:

Consider the balance sheet for ABC corporation below. Fill in the blanks and answer the following true$/$false questions below:

The value of Inventory is $$325M$

True

False

The value of Property is $$300M$

True

False

The value of Total Current Liabilities is $$120M$

True

False

The value of Total Stockholder's Equity is $$120M$

True

False

If annual sales for this company are $$365M$ then the accounts receivable days ratio for ABC corporation is $250($Note: make sure you pay close attention to the formula for accounts receivable days when answering this question$)$

True

False