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QUESTIONS Smith & Smith, Inc.'s assets consist only of current assets and net plant and equipment. The firm has total assets of $5 million and has $500,000 of cash, $15 million of Accounts Receivable, and $2 million of inwentory. The long-term debt is $1.25 million, and notes payable total $500,000. Totalcommon equity is $2.5 million with the remainder of the balance sheet funding coming from accounts payable and accruals. With this information, answer the following: What is the balance of net plant and equipment? O $1 million $1.5 million $2.5 million Can't be determined QUESTION 6 Smith & Smith, Inc.'s assets consist only of current assets and net plant and equipment. The firm has total assets of $5 million and has $500,000 of cash, $1.5 million of Accounts Receivable, and $2 million of inventory. The long-term debt is $1.25 million, and notes payable total $500,000. Totalcommon equity is $2.5 million with the remainder of the balance sheet funding coming from accounts pavable and accruals. With this information, answer the following: What is the sum of accounts payable and accruals on its balance sheet? 5750.000 51 million $3 million Can't be determined Click Save and Submit to save and submit. Click Save All Anses to see all ansters BONS SECOBASTOG