Question
On the balance sheet of Polo Corporation, the current assets include cash and cash equivalents, accounts receivable, inventory, and short-term investments. The values are as
On the balance sheet of Polo Corporation, the current assets include cash and cash equivalents, accounts receivable, inventory, and short-term investments. The values are as follows: cash and cash equivalents $150,000, accounts receivable $200,000, inventory $300,000, and short-term investments $50,000. Non-current assets consist of property, plant, and equipment (PP&E) and long-term investments. PP&E is valued at $400,000, and long-term investments are valued at $100,000. Additionally, the company reports $20,000 in intangible assets. Calculate the total asset value.
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