Answers
Solution:
ROLAND COMPANY Balance sheet:
CURRENT ASSETS | Amount $ | |
Cash | 63000 | |
Account receivable | 201000 | |
Inventories | ||
Finished goods | 80000 | |
work in process | 88000 | |
Raw material | 83000 | 251000 |
Prepaid expenses | 39000 | |
Total current assets | $ 554000 |
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