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Santa Industries Inc. has cash of $500,000, equipment that cost $800,000, accounts receivable of$135,000 and land that cost $600,000. The business has accounts payable of

Santa Industries Inc. has cash of $500,000, equipment that cost $800,000, accounts receivable of$135,000 and land that cost $600,000. The business has accounts payable of $100,000, equipmentloans of $300,000, and a commercial mortgage on the land of $200,000. What is Santa's networth

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