Question

Determine the book value of current assets, assuming that it is the only item that might...

Determine the book value of current assets, assuming that it is the only item that might be on the balance sheet other than the items shown below. Note that some items might not be needed.

Capital Expenditures 110,000

Current Liabilities       220,000

Interest Expense            70,000

Long-Term Debt         350,000

Net Fixed Assets         780,000

Owners Equity            530,000

R&D Expense               55,000

Sales                            990,000

Business   Finance   
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Answer #1
Computation of current asset
Current Liabilities        220,000
Long-Term Debt          350,000
Owners Equity 530,000
Total of liaiblities side   1,100,000
Less Net Fixed Assets          780,000
current asset 320,000
answer = 320,000
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