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Cavu Air, Inc. has equipment with a book value of $900 that could be sold today at a 20% discount. Its inventory is valued at

Cavu Air, Inc. has equipment with a book value of $900 that could be sold today at a 20% discount. Its inventory is valued at $1450 and could be sold to a competitor for that amount. The firm has $300 in cash and customers owe it $350. What is the accounting value of its liquid assets?

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