1. Santa Industries Inc. has cash of $500,000, equipment that cost $800,000, accounts receivable of $135,000 and land that cost $600,000. The business has accounts payable of $100,000, equipment loans of $300,000, and a commercial mortgage on the land of $200,000. What is Santa's net worth?

Answer rating: 100% (QA)

The net worth of Santa Industries Inc is calculated as the difference betwe... View the full answer