Suppose a firm has the following information: Accounts payable 5 $1 million; notes payable = $1.1 million;

Question:

Suppose a firm has the following information: Accounts payable 5

$1 million; notes payable = $1.1 million; short-term debt =

$1.4 million; accruals 5 $500,000; and long-term bonds = $3 million.

What is the amount arising from operating current liabilities?

($1.5 million)

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