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Jensen and Associates has a projected balance sheet that includes the following accounts. Cash $ 225,000 Marketable securities ? Accounts receivable 680,000 Inventory 940,000 Non-current
Jensen and Associates has a projected balance sheet that includes the following accounts.
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 |
What is the projected marketable securities balance?
Select one:
A. $0
B. $1,565,000
C. $780,000
D. $1,155,000
E. None of the above
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