Question
The following select financial information is for Firm LNM. Total current assets $50,000 Total assets $150,000 Total current liabilities $75,000 Total liabilities $200,000 Earnings before
The following select financial information is for Firm LNM.
Total current assets $50,000
Total assets $150,000
Total current liabilities $75,000
Total liabilities $200,000
Earnings before interest and taxes $30,000
Net income after taxes $15,000
Sales $300,000
Firm LNMs Total Equity is:
| a. | $50,000 | |
| b. | $150,000 | |
| c. | negative | |
| d. | none of the above |
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
978-0132554909
