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Assets Amount (in millions) Cash $70 Accounts Receivable $50 Inventory $25 Property $220 Total Assets $365 Infinite Innovations reports the following liabilities and equity: Liabilities
Assets | Amount (in millions) |
Cash | $70 |
Accounts Receivable | $50 |
Inventory | $25 |
Property | $220 |
Total Assets | $365 |
Infinite Innovations reports the following liabilities and equity:
Liabilities | Amount (in millions) |
Accounts Payable | $30 |
Loans Payable | $60 |
Equity | Amount (in millions) |
Common Stock | $100 |
Retained Earnings | $145 |
Calculate Infinite Innovations' total liabilities, equity, and net worth.
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