Question: A firm has reported the financial information shown below. What was the book value of stockholders' equity? Cash $ 240 Sales 7,260 Inventory 780 Depreciation

A firm has reported the financial information shown below. What was the book value of stockholders' equity? Cash $ 240 Sales 7,260 Inventory 780 Depreciation Expense 260 Cost of goods sold 1,250 Accounts payable 190 Long-term debt 3,020 Accounts receivable 540 Net fixed assets 5,010 Interest expense 160 Selling and administrative expenses 4,270 Income tax expense 440 Multiple Choice $6,380 $3,360 $250 $3,110 $5,820

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