NNR Inc'S Balance Sheet Showed Total Current Assets of $1,875,000 Plus

question 41

Multiple Choice

NNR Inc.'s balance sheet showed total current assets of $1,875,000 plus $4,225,000 of net fixed assets.All of these assets were required in operations.The firm's current liabilities consisted of $475,000 of accounts payable, $375,000 of 6% short-term notes payable to the bank, and $150,000 of accrued wages and taxes.Its remaining capital consisted of long-term debt and common equity.What was NNR's total investor-provided operating capital?

• A) $4,694,128
• B) $4,941,188
• C) $5,201,250
• D) $5,475,000
• E) $5,748,750

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Definitions:

Vehicle Dealer

A business authorized to sell new or used vehicles to consumers while meeting certain legal and manufacturer requirements.

Capability

The ability or attributes required to perform tasks or achieve certain results effectively.

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A set of rules or procedures designed to automatically guide the buying and selling of stocks in the financial markets.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.