Question
Jensen and Associates has a projected balance sheet that includes the following accounts. What is the projected marketable securities balance ? Cash $225,000 Marketable securities
Jensen and Associates has a projected balance sheet that includes the following accounts. What is the projected marketable securities balance?
| Cash |
| $225,000 |
| Marketable securities |
| ? |
| Accounts receivable |
| 680,000 |
| Inventory |
| 940,000 |
| Non-current assets, net |
| 1,420,000 |
| Current liabilities |
| 375,000 |
| Total liabilities |
| 1,060,000 |
| Total equity |
| 2,985,000 |
| $0 |
| $1,565,000 |
| $780,000 |
| $1,155,000 |
| None of these answers is correct. |
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1st Edition
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