Question 15 (2 points) A firm has $200,000 in current assets, $400,000 in long-term assets, $80,000...

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Answer 1

Answer #1

Current assets	200000
(+) Long-term assets	400000
Total assets	600000
(-) Current liabilities	80000
(-) Long-term liabilities	200000
Equity	320000

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Answer 2

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Question 15 (2 points) A firm has $200,000 in current assets, $400,000 in long-term assets, $80,000...