Question

The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2011, balance sheet revealed the following:

Required:
Determine the following 2011 balance sheet items:
1. Current assets
2. Shareholders' equity
3. Noncurrent assets
4. Long-term liabilities



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  • CreatedJune 24, 2013
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