Question: Jensen and Associates has a projected balance sheet that includes the following accounts. Cash $ 225,000 Marketable securities ? Accounts receivable 680,000 Inventory 940,000 Non-current

Jensen and Associates has a projected balance sheet that includes the following accounts.

Cash

$ 225,000

Marketable securities

?

Accounts receivable

680,000

Inventory

940,000

Non-current assets, net

1,420,000

Current liabilities

375,000

Total liabilities

1,060,000

Total equity

2,985,000

What is the projected marketable securities balance?

Select one:

A. $0

B. $1,565,000

C. $780,000

D. $1,155,000

E. None of the above

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