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Question 14 (3 points) A company had the following balances: Beginning Balance Ending Balance Cash $ 200,000 Accounts Receivable $ 150,000 Share Investment (in an
Question 14 (3 points) A company had the following balances: Beginning Balance Ending Balance Cash $ 200,000 Accounts Receivable $ 150,000 Share Investment (in an outside company) $ 75,000 Inventory $ 1,500,000 Equipment $ 125,000 Land (part of plant) $ 100,000 Land (not currently used) $ 80,000 Building (rented and occupied by another company) $ 1,200,000 Compute Average Operating Assets: $ 234,000 $ 176,000 $ 75,000 $ 1,670,000 $ 130,000 $ 100,000 $ 80,000 $ 1,200,000 2,267,500 $2,192,500 3,547,500 2,347,500
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