I am trying to calculate a balance sheet question. On the asset side, the total asset number is provided- $400,000. Based on other information provided I was able to calculate accounts receivable and inventories. The two missing numbers left are cash and fixed asset. Every formula I google or doc I unlock on course hero shows a formula for either cash or fixed asset that already assumes the answer to the other, and I can not figure out a way to calculate either without knowing the other

Answer rating: 100% (QA)

To calculate the missing values for cash and fixed assets on the balance sheet you will need additional information or assumptions However I can provi... View the full answer