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LunaTech Innovations provides its balance sheet in a detailed paragraph: As of December 31, 20X10, LunaTech Innovations' total assets amount to $300 million, comprising $150
LunaTech Innovations provides its balance sheet in a detailed paragraph:
As of December 31, 20X10, LunaTech Innovations' total assets amount to $300 million, comprising $150 million in cash, $80 million in accounts receivable, and $70 million in inventory. On the liabilities side, the company has accounts payable of $50 million and long-term debt of $100 million.
Calculate LunaTech Innovations' total equity as of December 31, 20X10.
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