29. A firm has total equity of $61,600 and total liabilities of $18,900. Current assets are $44,700 and current liabilities are $15,200. What is the value of the net fixed assets? A. $8,300 B. $10,600 C. $29,500 D. $35,800 E. $42,700
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Net fixed assets can be calculated by subtracting the current assets from the total assets and subtracting the current liabilities from the total liabilities. Total assets = Total equity + Total liabilities Total assets = $61,600 + $18,900 = $80,500 Show more…
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