Zeppelin Company’s balance sheet included cash ($5,000,000), accounts

Selected information for 2018 is: cost of goods sold, $6,000,000
May 5, 2020
Zappa Corporation has 100,000, 3%, $100 par preferred shares outstanding
May 5, 2020

Zeppelin Company’s balance sheet included cash ($5,000,000), accounts

receivable ($16,000,000), inventories ($10,000,000), prepaid expenses ($2,500,000), accounts payable ($9,000,000), and accrued expenses ($7,500,000). Working capital is

 
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