ANSWERS TO QUESTIONS

When inventories increase faster than sales, this may not be a good signal about liquidity. ... 2018 400,000 Less: Unamortized discount on bonds payable 20,000 380,000 Total liabilities 671,200 Stockholders’ equity Common stock Authorized 600,000 shares of $1 par value; issued and outstanding, 500,000 shares $500,000 Premium on common stock ... ................
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