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ABC Ltd. has the following information for the year ended December 31, 2023: Item Amount ($) Cash 4,100,000 Accounts Receivable 2,100,000 Inventory 2,050,000 Prepaid Expenses
- ABC Ltd. has the following information for the year ended December 31, 2023:
| Item | Amount ($) |
|---|---|
| Cash | 4,100,000 |
| Accounts Receivable | 2,100,000 |
| Inventory | 2,050,000 |
| Prepaid Expenses | 900,000 |
| Total Current Assets | ? |
| Property, Plant, Equipment | 10,200,000 |
| Accumulated Depreciation | 7,400,000 |
| Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
