7. Ford Company has the following liabilities at the end of last year: Notes payable of $65,000, accounts payable of $30,000, salaries payable of $9,000, taxes payable of $8,000, bonds payable of $60,000, and long-term loans of $30,000. Besides, the return on total assets (ROA) is 20%, and the debt-to-total-capital ratio is 40%. What is the amount of total assets at the end of last year? *

5 points

$155,000

$232,500

$434,500

$505,000

None of the above