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Question 1 1 pts A firm has total assets of $5.5 million and total common equity of $2.5 million. The firm has long-term debt totaling
Question 1 1 pts A firm has total assets of $5.5 million and total common equity of $2.5 million. The firm has long-term debt totaling $1 million. The firm also has accounts payable and accruals on its balance sheet. What is the amount of total liabilities and equity that appear on the firm's balance sheet? Express your final answer in millions (e.g., if your answer is $8.9 million, type in "8.9"). Question 2 1 pts A firm has total assets of $5.5 million and total common equity of $2.5 million. The firm has long-term debt totaling $1 million. The firm also has accounts payable and accruals on its balance sheet. What is the balance of total liabilities on the firm's balance sheet? Express your final answer in millions (e.g., if your answer is $8.9 million, type in "8.9"). Question 3 1 pts Afirm has total assets of $5.5 million and total common equity of $2.5 million. The firm has long-term debt totaling $1 million. The firm also has accounts payable and accruals on its balance sheet. What is the amount of accounts payable and accruals and notes payable (i.e. current liabilities) on the firm's balance sheet? Express your final answer in millions (e.g., if your answer is $8.9 million, type in "8.9")
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