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drw92 drw92
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A year ago
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

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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wackocrazywackocrazy
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drw92 Author
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A year ago
Just got PERFECT on my quiz
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Brilliant ツ
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