Question: Determine the amount of total assets, current assets, and noncurrent assets at the end of the period, given the following data: Current liabilities, ending balance

Determine the amount of total assets, current assets, and noncurrent assets at the end of the period, given the following data:

Current liabilities, ending balance Current ratio, ending Owners equity, beginning 50,000 Purchases during the period $40,000 1.6:1 Inventory, ending balance $30,000 45% 10% Gross margin percentage Profit margin balance $120,000 Inventory, beginning balance 35,000 Long-term debt, ending balance $40,000

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