Question: Use the financial statement data in the table below (all amounts are in dollars) to determine what Elite Eagle, LLC. (a retail company) reported as
Use the financial statement data in the table below (all amounts are in dollars) to determine what Elite Eagle, LLC. (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 Common stock ($1.50 par value) Cost of goods sold Current portion of Long-term dett Gross accounts receivable Gross fixed assets Long-term debt (excluding current portion) Purchases Retnined earnings Returns and allowances Short-term bank loan 2019 Data 27.300 9.900 34.800 19.900 54.500 7,500 54 600 39.700 12.400 59.500 163.900 49.700 39.700 42200 2.500 22 300 1) $251,100 O2) $236,900 3) $253,300 4) $231,700
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