Fraud Examination
Fraud Examination
5th Edition
ISBN: 9781305079144
Author: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman
Publisher: Cengage Learning
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Chapter 2, Problem 3MCQ
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Mao Manufacturing has a net working capital of $15,600, current assets of $42,800, equity of $73,200, and long-term debt of $18,400. What is the amount of net fixed assets?
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A company currently has $78 million in sales, $36 million in current assets, $62 million in fixed assets, and $24 million in accounts payable. The fixed assets are currently operated with full capacity and will change proportionally with the sales growth. Sales are projected to be $105 million, current assets are projected to be $45.3 million, and accounts payable are projected to be $29.5 million. What are fixed assets projected to be, given this information? Help

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Fraud Examination

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