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AquaTech Holdings presents its balance sheet as of December 31, 20X8: Assets: Cash: $55 million Accounts Receivable: $40 million Inventory: $35 million Property and Equipment:

AquaTech Holdings presents its balance sheet as of December 31, 20X8:

  • Assets:
    • Cash: $55 million
    • Accounts Receivable: $40 million
    • Inventory: $35 million
    • Property and Equipment: $250 million
  • Liabilities:
    • Accounts Payable: $20 million
    • Long-term Debt: $80 million

Determine AquaTech Holdings' total equity as of December 31, 20X8.

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