Current Assets
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Your firm has the following sheet statement items total current liabilities of $805,000.00; total assets of $2,655,000.00; fixed and other assets of $1,770,000.00 and long term debt of $200,000.00. What is the amount of the firm's total current assets?
1. $885,000.00
2. $1,550,000.00
3. $600,000.00
4. $325,000.00
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Solution Summary
This solution calculates the total current asset of a firm given balance sheet data.
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