There are 10 in total but there is 10 and 1/4 total if it has that as a answer
Yes they are equivalent. This is because if you simplify each fraction : 288/12 and 240/10 they both equal 24.
Balance sheet equation states that:
Assets, A = Liabilities, L + Equity, E => A=L+E
In the current case,
L = Long term debt + Current liabilities = $8,675+$1,865 = $10,540
E = $14,865
Therefore,
A = 14,865 +10,540 = $25,405
Now,
Current assets (excluding cash) = current liabilities+Net working capital, other than cash = $1,865+$2,315 = $4,180
Additionally,
A = Fixed assets+Current assets (excluding cash) + Cash
Therefore,
Cash = 25,405-20,660-4,180 = $565
Answer:
Step-by-step explanation:
That’s easy
Answer:
D. 9,700
Step-by-step explanation:
