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A company has the following assets: Beginning Balance Ending Balance Cash $ 5 2 5 , 0 0 0 $ 6 7 5 , 0

A company has the following assets:
Beginning Balance Ending Balance
Cash $ 525,000 $ 675,000
Accounts Receivable $ 320,000 $ 379,000
Inventory $ 1,000,000 $ 1,200,000
Equipment $ 250,000 $ 500,000
Building $ 2,000,000 $ 2,000,000
Land (part of plant) $ 175,000 $ 175,000
Land (held as investment) $ 150,000 $ 150,000
Building (rented and occupied by another company) $ 2,500,000 $ 2,500,000
Compute Average Operating Assets:
Question 14 options:
$4,749,500
$4,599,500
$7,249,500
$4,424,500

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