Question: What amount of inventory did MHR report on its December
What amount of inventory did MHR report on its December 31, 2011 statement of financial position? What proportion of current assets and what proportion of total assets did inventory make up? How has the proportion of inventory changed over the three balance sheets provided? Interpret the changes. What is included in MHR's inventory? Do you think the inventory can be considered liquid? Explain.
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