5 Muscarella Inc Has The Following Balance Sheet And Income Statement Data

(5)Muscarella Inc. has the following balance sheet and income statement data: Cash$ 14,000Accounts payable$ 42,000Receivables70,000Other current liabilities28,000Inventories210,000Total CL$ 70,000Total CA$294,000Long-term debt70,000Net fixed assets126,000Common equity280,000Total assets$420,000Total liab. and equity$420,000Sales$280,000Net income$ 21,000

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