Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets...

Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,886,875; net fixed assets of $1,842,823; and long-term debt of $200,000. What is the amount of the firm's total current assets?

Expert Solution

Total current assets = total assets - net fixed assets
=$2,886,875 -1,842,823

=$1044052

jeff jeffy answered 2 years ago

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