Josey doakes was reading the balance sheet of gogoldze inc. when she spilled grape juice on it. after the juice spill, the balance sheet looked like this:

($ millions) 12/31/2015
cash 90
accounts receivable 210
inventory 410
other current assets grape
current assets juice
net property, plant, & equipment 1,080
total assets grape
juice
accounts payable 115
other current liabilities 260
current liabilities 375
long-term liabilities 860
common stock 50
additional paid-in-capital 300
retained earnings 285
total liabilities and se 1,870

what was gogoldze inc.'s other current assets at 12/31/2015? a. $710b. $120c. $370d. $80e. $790

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?