A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities,

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"A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities, $920,000; net sales, $8,000,000; and net profit, $120,000. What is its net worth?"

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Entrepreneurial Finance

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Authors: J . chris leach, Ronald w. melicher

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Posted Date: Feb 21, 2024 11:37 PM

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A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities,

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To find the net worth of the retailer you would subtract its tot... View the full answer

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