Question
Fev and Company has a projected balance sheet that includes the following accounts. Cash $ ? Marketable securities 228,000 Accounts receivable 860,000 Inventory 490,000 Non-current
Fev and Company has a projected balance sheet that includes the following accounts.
| Cash | $ ? |
| Marketable securities | 228,000 |
| Accounts receivable | 860,000 |
| Inventory | 490,000 |
| Non-current assets, net | 2,030,000 |
| Current liabilities | 486,000 |
| Total liabilities | 1,570,000 |
| Total equity | 2,832,000 |
What is the projected cash balance?
| A. | $-0- | |
| B. | $ 566,000 | |
| C. | $ 344,000 | |
| D. | $1,914,000 | |
| E. | None of the above |
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
