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Arora Jewelry owns the building in which it conducts business. The building cost $647,000 to purchase and is currently appraised at $819,000. The fixtures inside
Arora Jewelry owns the building in which it conducts business. The building cost $647,000 to purchase and is currently appraised at $819,000. The fixtures inside the building originally cost $148,000 and are currently valued at $65,000. The inventory has a book value of $319,000 and a market value equal to 1.1 times the book value. The shop expects to collect 96 percent of its $21,700 in accounts receivable. The shop has $26,800 in cash and total debt of $414,700. What is the market value of its equity? Multiple Choice $867,832 O $695,832 O $1,190,332 O $900,166 $775,632 O
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