Jim Shorts Company makes clothing for schools. Sales in 2018 were $4,000,000. Assets were as...

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Accounting

Jim Shorts Company makes clothing for schools. Sales in 2018 were $4,000,000. Assets were as follows:
Cash $ 100,000
Accounts receivable 800,000
Inventory 400,000
Net plant and equipment 500,000
Total assets $ 1,800,000

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