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Assets Amount (in millions) Cash $40 Accounts Receivable $25 Inventory $20 Property $150 Total Assets $235 WealthBuilders Ltd. reports the following liabilities and equity: Liabilities

Assets

Amount (in millions)

Cash

$40

Accounts Receivable

$25

Inventory

$20

Property

$150

Total Assets

$235

WealthBuilders Ltd. reports the following liabilities and equity:

Liabilities

Amount (in millions)

Accounts Payable

$15

Loans Payable

$30

Equity

Amount (in millions)

Common Stock

$70

Retained Earnings

$100

Calculate WealthBuilders Ltd.'s total liabilities, equity, and net worth.

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