INTERMEDIATE ACCOUNTING CONNECT ACCESS +
INTERMEDIATE ACCOUNTING CONNECT ACCESS +
10th Edition
ISBN: 9781264388608
Author: SPICELAND
Publisher: MCG
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Accounting problems
What is the firm's return on equity?? Accounting
BlueSky Corp. has $1.5 million in current assets and $700,000 in fixed assets, less $250,000 in accumulated depreciation. The firm's current liabilities total $350,000, and long-term liabilities total $450,000. What is the firm's equity? a) $1,150,000 b) $1,450,000 c) $1,250,000 d) $1,050,000
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