Question
A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities, $920,000; net sales, $8,000,000; and net profit, $120,000.
"A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities, $920,000; net sales, $8,000,000; and net profit, $120,000. What is its net worth?"
Step by Step Solution
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Step: 1
To find the net worth of the retailer you would subtract its tot...
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
