Q$1$:

Suppose a firm has the following information:

Accounts Payable $=$$$1$ Million

Notes Payable $=$$$1\mathrm{.}1$ Million

Short$-$term debt $$1\mathrm{.}4$ million

Accruals: $$500,000$

Long$-$term bonds $$3$ million

Required:

What is the amount arising from operating current liabilties? Show all steps!