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Consider a firm with $9,331 in current assets. The firm also has gross property plant and equipment of $1,717, depreciation expense of $9,780. The firm decided to reduce their capital structure and hold $0 in notes payable, $5,189 in accruals and $7,224 in accounts payable. The firm has $924 in long-term debt, $1,493 in interest expense. Calculate the firm's Total Assets

User Hylke
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1 Answer

1 vote

Answer:

$11,048

Step-by-step explanation:

Total Assets = Current Assets + Non - Current Assets

= $11,048

User Alric
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