Ruby Enterprises Ltd

question 100

Multiple Choice

Ruby Enterprises Ltd. has long-term bonds worth $20 million, retained earnings of $45 million, accounts payable of $10 million, notes payable of $12 million, and inventory worth $18 million. What is the value of total liabilities of Ruby Enterprises?

• A)$42 million
• B)$105 million
• C)$87 million
• D)$60 million
• E)$85 million

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