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Yu Enterprises currently has $400 in cash. The company owes $2,500 to suppliers for merchandise and $5,800 to the bank for a long-term loan. Customers
Yu Enterprises currently has $400 in cash. The company owes $2,500 to suppliers for merchandise and $5,800 to the bank for a long-term loan. Customers owe Yu's $1,600. The inventory has a book value of $4,700 and an estimated market value of $6,100. If Yu's compiled a financial statement today, how much would it show as the value of the current assets? Answer Tolerance: $ 125
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