Question
A company has the following assets and liabilities at the end of the year: Cash: $10,000 Accounts Receivable: $15,000 Inventory: $20,000 Buildings: $50,000 Equipment: $30,000
A company has the following assets and liabilities at the end of the year:
- Cash: $10,000
- Accounts Receivable: $15,000
- Inventory: $20,000
- Buildings: $50,000
- Equipment: $30,000
- Accounts Payable: $12,000
- Notes Payable: $20,000
- Long-term Debt: $40,000
What is the company's net worth at the end of the year?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
