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Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $9,065,267, accurals of $1,528,621, inventory of $2,462,729, accounts receivable of
Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $9,065,267, accurals of $1,528,621, inventory of $2,462,729, accounts receivable of $518,147, accounts payable worth $2,137,019, and notes payable worth $564,158. Their net fixed assets were $3,211,800 while their long-term debt was $1,445,434. Calculate the firm's Total Common Equity.
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