Wilson, Inc.'s assets consist only of current assets and net plant and equipment. The firm has...

  

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Wilson, Inc.'s assets consist only of current assets and net plant and equipment. The firm has total assets of $4 million and has net plant and equipment of $2.75 million. The long-term debt is $1 million, and notes payable total $300,000. Total common equity is $1.75 million with the remainder of the balance sheet funding coming from accounts payable and accruals. With this information answer the following: What is the sum of accounts payable and accruals on its balance sheet? $0.95 million $1.3 million $1.45 million Can't be determined Wilson, Inc.'s assets consist only of current assets and net plant and equipment. The firm has total assets of $4 million and has net plant and equipment of $2.75 million. The long-term debt is $1 million, and notes payable total $300,000. Total common equity is $1.75 million with the remainder of the balance sheet funding coming from accounts payable and accruals. With this information answer the following: What is the sum of accounts payable and accruals on its balance sheet? $0.95 million $1.3 million $1.45 million Can't be determined

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