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KRJ Enterprises reported total operating assets at the beginning of the year of $8,776 and total...

KRJ Enterprises reported total operating assets at the beginning of the year of $8,776 and total operating liabilities of $4,733. At the end of the year it reported total operating assets of $9,152 and total operating liabilities of $5,063. What was the company’s average net operating assets for the year?

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Answer #1

answer: $4066

average net operating assets for the year=(net operating asset at beginning + net operating asset at ending)/2

net operating asset at beginning=beginning operating asset - beginning operating liabilities

net operating asset at beginning=$8776-$4733=$4043

net operating asset at ending=ending operating asset - ending operating liabilities

net operating asset at ending=$9152-$5063=$4089

average net operating assets for the year=($4043+$4089)/2=$4066

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