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PART III: PROBLEM SOLVING (4 marks each). Solve the following problems and mark the right answer on the answer sheet. Use the following information to

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PART III: PROBLEM SOLVING (4 marks each). Solve the following problems and mark the right answer on the answer sheet. Use the following information to answer question 1 below. cash = $5.00 accounts payable = $12.00 other current liabilities = $65.00 accounts receivable = $20.00 inventory = $50.00 net fixed assets = $175.00 long-term debt $40.00 1. Given the above information, what is the firm's stockholders equity? A. $233 B. $123 C. $143. D. $153 E. none of the above

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