Question

A company has $1,308 in inventory, $4,737 in net fixed assets, $604 in accounts receivable, $258...

A company has $1,308 in inventory, $4,737 in net fixed assets, $604 in accounts receivable, $258 in cash, $546 in accounts payable, $913 in long-term debt, and $5,332 in equity. What are the company's total assets?

A) $10,069

B) $7,453

C) $12,239

D) $6,907

E) $7,896

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Answer #1

Total assets = current assets+non current assets

Total assets = $1308+$604+$258+$4737

Total assets = $6097

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