Maverick Corporation has assets of $475,000 and liabilities of $180,000. What is the amount of Maverick's equity?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
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Maverick Corporation has assets of $475,000
and liabilities of $180,000. What is the
amount of Maverick's equity?
Transcribed Image Text:Maverick Corporation has assets of $475,000 and liabilities of $180,000. What is the amount of Maverick's equity?
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