Current assets = $60,000, long-term debt = $70,000, net fixed assets are $40,000 more than current liabilities,
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Question:
Current assets = $60,000, long-term debt = $70,000, net fixed assets are $40,000 more than current liabilities, shareholders’ equity is four times less than total liabilities. What is shareholders’ equity?
A. Below $25,000
B. Between $25,000 and $45,000
C. Between $45,000 and $65,000
D. Between $65,000 and $85,000
E. Between $85,000 and $105,000
F. Between $105,000 and $125,000
G. Between $125,000 and $145,000
H. Above $145,000
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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