Author Question: NNR Inc.s balance sheet showed total current assets of $2,465,000 plus $5,065,000 of net fixed ... (Read 50 times)

campbellfam07 · **on:** Aug 7, 2023

NNR Inc.’s balance sheet showed total current assets of $2,465,000 plus $5,065,000 of net fixed assets. All of these assets were required in operations. The firm’s current liabilities consisted of $515,000 of accounts payable, $465,000 of 7% short-term notes payable to the bank, and $180,000 of accrued wages and taxes. Its remaining capital consisted of long-term debt and common equity. What was NNR’s total investor-provided operating capital?

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$5,017,000

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$6,835,000

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$7,349,000

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$8,142,000

Snabbey · **Reply #1 on:** Aug 7, 2023

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