Titan Fitness Co., a manufacturer of strength training equipment, provided the following financial details to its accounting team: . Current assets: $192,450 Net fixed assets: $389,300 Other assets: $8,750 Long-term debt: $92,000 Common stock: $310,000 Retained earnings: $142,500 What is the amount of current liabilities the firm has?
Titan Fitness Co., a manufacturer of strength training equipment, provided the following financial details to its accounting team: . Current assets: $192,450 Net fixed assets: $389,300 Other assets: $8,750 Long-term debt: $92,000 Common stock: $310,000 Retained earnings: $142,500 What is the amount of current liabilities the firm has?
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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What is the amount of current liabilities the firm's has?
Transcribed Image Text:Titan Fitness Co., a manufacturer of strength training
equipment, provided the following financial details to
its accounting team:
. Current assets: $192,450
Net fixed assets: $389,300
Other assets: $8,750
Long-term debt: $92,000
Common stock: $310,000
Retained earnings: $142,500
What is the amount of current liabilities the firm has?
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