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QUESTION
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances:
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $560,000, accounts receivable = $1,600,000, inventory = $1,300,000, accrued wages and taxes = $630,000, accounts payable = $930,000, and notes payable = $730,000.
