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Business, 02.11.2019 05:31 XynonAdat

Reliable safe company's 2005 balance sheet showed total current assets of $1,500,000 plus $3,000,000 of net fixed assets. all of these assets were required in operations. the firm had $600,000 of current liabilities, including $300,000 of accounts payable, $200,000 of 6% short-term notes payable to the bank, and $100,000 of accrued wages and taxes. it also had $1,500,000 of long-term bonds, $300,000 of common stock, and $1,750,000 of retained earnings. what was total amount of investor-provided operating capital at the end of 2005?

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Reliable safe company's 2005 balance sheet showed total current assets of $1,500,000 plus $3,000,000...
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