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Title: NNR Inc.s balance sheet showed total current assets of $2,465,000 plus $5,065,000 of net fixed ...
Post by: drw92 on Jul 30, 2023
NNR Inc.’s balance sheet showed total current assets of $2,465,000 plus $5,065,000 of net fixed assets. All of these assets were required in operations. The firm’s current liabilities consisted of $515,000 of accounts payable, $465,000 of 7% short-term notes payable to the bank, and $180,000 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?


$5,017,000



$6,835,000



$7,349,000



$8,142,000



Title: Re: NNR Inc.s balance sheet showed total current assets of $2,465,000 plus $5,065,000 of net fixed ...
Post by: wackocrazy on Jul 30, 2023
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