Question

Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $4,047,139, accurals of $911,455, inventory of $2,506,754, accounts receivable of $627,269, accounts payable worth $2,411,188, and notes payable worth $663,830. Their net fixed assets were $3,582,219 while their long-term debt was $1,742,474. Calculate the firm's Total Liabilities

Answer 1

$5,728,947

Step-by-step explanation:

Calculation for the firm's Total Liabilities

TOTAL LIABILITIES

Accruals $911,455

Accounts payable $2,411,188

Notes payable $663,830

Long-term debt $1,742,474

Total liabilities =$5,728,947

Therefore the firm's Total Liabilities will be $5,728,947