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2018 Cash $40,000 Accounts Receivable 80,000 Inventory 60,000 Fixed Assets, gross 110,000 Accumulated Depreciation 30,000 Fixed Assets, net 80,000 The firm currently uses straight line

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2018 Cash $40,000 Accounts Receivable 80,000 Inventory 60,000 Fixed Assets, gross 110,000 Accumulated Depreciation 30,000 Fixed Assets, net 80,000 The firm currently uses straight line depreciation. Depreciation in 2018 was $2,000. Sales are expected to grow by 50% in 2019. All net income is paid out in dividends and no new stock issues are planned. Calculate total assets for 2019

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