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Assets Amount (in millions) Cash $60 Accounts Receivable $40 Inventory $20 Property $180 Total Assets $300 Visionary Ventures reports the following liabilities and equity: Liabilities

Assets

Amount (in millions)

Cash

$60

Accounts Receivable

$40

Inventory

$20

Property

$180

Total Assets

$300

Visionary Ventures reports the following liabilities and equity:

Liabilities

Amount (in millions)

Accounts Payable

$25

Loans Payable

$50

Equity

Amount (in millions)

Common Stock

$90

Retained Earnings

$115

Calculate Visionary Ventures' total liabilities, equity, and net worth.

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