FinNova Inc. has $1,500,000 in current assets and $600,000 in fixed assets, less $250,000 in accumulated depreciation. The firm's current liabilities total $220,000, and the long-term liabilities are $300,000. What is the firm's equity?

FinNova Inc. has $1,500,000 in current assets and $600,000 in fixed assets, less $250,000 in accumulated depreciation. The firm's current liabilities total $220,000, and the long-term liabilities are $300,000. What is the firm's equity?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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Question

Can you help me with General accounting question?

FinNova Inc. has $1,500,000 in current assets and
$600,000 in fixed assets, less $250,000 in accumulated
depreciation. The firm's current liabilities total
$220,000, and the long-term liabilities are $300,000.
What is the firm's equity?

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