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Bulldawg Inc's balance sheet showed total current operating assets of $1,970,000 plus $4,330,000 of net fixed assets. The firm's current liabilities consisted of $485,000 of
Bulldawg Inc's balance sheet showed total current operating assets of $1,970,000 plus $4,330,000 of net fixed assets. The firm's current liabilities consisted of $485,000 of accounts payable, $315,000 of 6% notes payable, and $150,000 of accrued wages and taxes. Its remaining capital consisted of long-term debt and common equity. What was Bulldawg's total operating capital?
a. $5,350,000
b. $5,646,100
c. $5,665,000
d. $5,475,000
e. None of the above
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