Question: Question 2 (2.5 points) Use the financial statement data in the table below (all amounts are in dollars) to determine what Stash and Stow, Inc.
Question 2 (2.5 points) Use the financial statement data in the table below (all amounts are in dollars) to determine what Stash and Stow, Inc. (a retail company) reported as Total Assets on its 2019 balance sheet: Financial Statement Account Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventory Cash Common stock ($1.50 par value) Cost of goods sold Current portion of Long-term debt Gross accounts receivable Gross fixed assets Long-term debt (excluding current portion) Purchases Retained earnings Returns and allowances Short-term bank loan 2019 Data 27,600 10,000 35,100 20.100 55,200 7,600 65,300 40.200 12,600 60,200 165.700 50.200 40.200 42.700 2,500 22.600
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