The Pier Import Store Has Cash of $34,600 and Accounts

question 102

Multiple Choice

The Pier Import Store has cash of $34,600 and accounts receivable of $54,200.The inventory cost $92,300 and can be sold today for $146,900.The fixed assets were purchased at a cost of $234,500 of which $107,900 has been depreciated.The fixed assets can be sold today for $199,000.What is the total book value of the firm's assets?

• A)$127,800
• B)$307,700
• C)$346,800
• D)$382,300
• E)$415,600

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