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Prime Investments, in a bulleted list, presents its balance sheet: Assets: Cash: $50 million Investments: $120 million Liabilities: Accounts Payable: $10 million Loans Payable: $30

Prime Investments, in a bulleted list, presents its balance sheet:

  • Assets:
    • Cash: $50 million
    • Investments: $120 million
  • Liabilities:
    • Accounts Payable: $10 million
    • Loans Payable: $30 million Calculate Prime Investments' total equity as of December 31, 20X8.

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