Profilo Co. has the following assets and liabilities: Assets: cash, $100; accounts receivable, $150; Inventory, $240; land, $200; plant, net of accumulated depreciation: 300. Liabilities: short-term bank loan, 60; accounts payable, $160; long-term mortgage loan, $160. Profilo Co.'s total equity was $990 none of the options $610 $880 $770

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