1 pts

Bobby is a skilled baker who worked for several years in a patisserie in Paris. On returning to Melbourne in 2016, she decided to open her own business, Bobbys Bakery, to sell her unique pastries. Her ultimate goal is to franchise Bobbys Bakery to fund her early retirement.

Refer to the balance sheet for Bobbys Bakery

Bobby uses the equation [assets-liabilities=owners equity] to calculate the overall equity of the business.

What are Bobbys assets?

Group of answer choices

Cash, bank loan, inventory

Cash, inventory, equipment

Equipment, cash, wages

Cash, debt, equipment