The Pier Import Store has cash of $34,600 and accounts receivable of $54,200.The inventory cost $92,300 and can be sold today for $146,900.The fixed assets were purchased at a cost of $234,500 of which $107,900 has been depreciated.The fixed assets can be sold today for $199,000.What is the total book value of the firm's assets?
A) $127,800
B) $307,700
C) $346,800
D) $382,300
E) $415,600
Correct Answer:
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