Mountain View Inc. has stockholders' equity of $720,000 and liabilities equal to 1/3 of its total assets. What is the amount of Mountain View Inc.'s total assets?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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I need assistance with this general accounting question using appropriate principles.

Mountain View Inc. has stockholders' equity of $720,000 and liabilities
equal to 1/3 of its total assets. What is the amount of Mountain View
Inc.'s total assets?
Transcribed Image Text:Mountain View Inc. has stockholders' equity of $720,000 and liabilities equal to 1/3 of its total assets. What is the amount of Mountain View Inc.'s total assets?
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