Assignment 1
Question 1 The recent financial statements for the Royal Caribbean Company are given below:Balance Sheet for the period ending June 30Assets 2006 2005Current assetsCash $21,000 $24,000Accounts receivables $160,000 $162,000Inventories $300,000 $315,000Prepaid expenses $9,000 $10,000Total current assets $490,000 $511,000Property and equipment $810,000 $700,000Total assets $1,300,000...
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