NNR Inc.'s balance sheet showed total current assets of $1,812,000 plus $4,379,000 of net fixed assets. All of these assets were required in operations. The firm's current liabilities consisted of $498,000 of accounts payable, $350,000 of 6% short-term notes payable to the bank, and $141,000 of accrued wages and taxes. Its remaining capital consisted of long-term debt and common equity. What was NNR's total investor-provided operating capital? Group of answer choices $5,829,600 $5,552,000 $4,719,200 $4,996,800 $6,107,200
NNR Inc.'s balance sheet showed total current assets of $1,812,000 plus $4,379,000 of net fixed assets. All of these assets were required in operations. The firm's current liabilities consisted of $498,000 of accounts payable, $350,000 of 6% short-term notes payable to the bank, and $141,000 of accrued wages and taxes. Its remaining capital consisted of long-term debt and common equity. What was NNR's total investor-provided operating capital? Group of answer choices $5,829,600 $5,552,000 $4,719,200 $4,996,800 $6,107,200
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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NNR Inc.'s balance sheet showed total current assets of $1,812,000 plus $4,379,000 of net fixed assets. All of these assets were required in operations. The firm's current liabilities consisted of $498,000 of accounts payable, $350,000 of 6% short-term notes payable to the bank, and $141,000 of accrued wages and taxes. Its remaining capital consisted of long-term debt and common equity. What was NNR's total investor-provided operating capital?
Group of answer choices
$5,829,600
$5,552,000
$4,719,200
$4,996,800
$6,107,200
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