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For these four financial statement problems you must use the following data, as required (not...

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Accounting

For these four financial statement problems you must use the following data, as required (not all data will be necessary):

Cash

40,000
Wages expense

97,000
Beginning Inventory

1,150,000
Ending inventory

1,330,000
Freight expense

5,000
Purchases

270,000
Accounts receivable

125,000
Sales

340,000
Accounts payable

40,000
Net fixed assets

750,000
Long-term debt

600,000
Utilities expense

15,000
Rent expense

33,000
Taxes (% of pre-tax income)

40%

a. How much are Total Current Assets?image

Question 9 5.5 pts For these four financial statement problems you must use the following data, as required (not all data will be necessary): Cash Wages expense Beginning Inventory Ending inventory Freight expense Purchases Accounts receivable Sales Accounts payable Net fixed assets Long-term debt Utilities expense Rent expense Taxes (% of pre-tax income) 40,000 97,000 1,150,000 1,330,000 5,000 270,000 125,000 340,000 40,000 750,000 600,000 15,000 33,000 40% a. How much are Total Current Assets

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