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Inc'S Balance Sheet Showed Total Current Assets of $1,875,000 Plus

Question 61

Multiple Choice

Inc.'s balance sheet showed total current assets of $1,875,000 plus $4,225,000 of net fixed assets.All of these assets were required in operations.The firm's current liabilities consisted of $475,000 of accounts payable, $375,000 of 6% short-term notes payable to the bank, and $150,000 of accrued wages and taxes.Its remaining capital consisted of long-term debt and common equity.What was NNR's total investor-provided operating capital?


A) $4,694,128
B) $4,941,188
C) $5,201,250
D) $5,475,000
E) $5,748,750

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