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ABC Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash 1,500,000 Accounts Receivable 750,000 Inventory 700,000 Prepaid Expenses
- ABC Company has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 1,500,000 |
| Accounts Receivable | 750,000 |
| Inventory | 700,000 |
| Prepaid Expenses | 380,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 5,000,000 |
| Accumulated Depreciation | 2,200,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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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
