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Consider a firm with Current Liabilities of $347, Long Term Debt of $3,264, Net Fixed Assets of $1,289 and Total Common Equity of $229. What
Consider a firm with Current Liabilities of $347, Long Term Debt of $3,264, Net Fixed Assets of $1,289 and Total Common Equity of $229. What is the firm's Current Assets?
Hint: Start by finding the firm's Total Liabilities and Equity. Next remember this equals Total Assets. Now subtract Net Fixed Assets to find Current Assets
You answer should be in dollars (example: $300 or 300 are both acceptable)
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