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Q14: Apple Inc. has current assets of $1,250,000; net fixed assets of $6,500,000; revenues of $3,750,000; current liabilities of $450,000; net income of $650,000; and

Q14: Apple Inc. has current assets of $1,250,000; net fixed assets of $6,500,000; revenues of $3,750,000; current liabilities of $450,000; net income of $650,000; and long-term debt of $2,750,000. Calculate Apples shareholder equity.

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