What is the dollar amount Use the data given below:Current liabilities total$500,000Non-current liabilities total $750,000Owners' investment totals $250,000Retained earnings totals $400,000What is the dollar amount of total assets?

Explanation of Current Liabilities:Current liabilities are obligations that a company must settle…

Answered: Use the data given below: Current…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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Similar questions

The following is selected financial data from Block Industries: How much does Block Industries have in current liabilities? A. $19,800 B. $18,300 C. $12,300 D. $25,800
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Help calculating Balance sheet items with limited information. Specifically need to know how to calculate these: cash, A/R (net) Iinventory Property, plant, and Equipment (net) current liabilities long-term liabilities shareholder equity Known info-Interest expense of $9 and income tax expense of $26 debt to equity ratio 1.0 current ratio 2.0 Acid-test ratio 1.0 times interest earned ratio 10 times return on assets 25%Return on equity 50%profit margin on sales 10%gross profit margin 30%inventory turnover 9 times receivables turnover 15 times.
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What is the value of the current liabilities?
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Based on the following data, what is the amount of working capital? Accounts payable $55040 Accounts receivable 98040 Cash 60200 Intangible assets 86000 Inventory 118680 Long-term investments 137600 Long-term liabilities 172000 Short-term investments 68800 Notes payable (short-term) 48160 Property, plant, and equipment 1152400 1720 Prepaid insurance $280360 $318200 $244240 $285520
Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1,120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120
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Use the data given below: Current liabilities total $500,000 Non-current liabilities total $750,000 Owners' investment totals $250,000 Retained earnings totals $400,000 What is the dollar amount of total assets?