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Jensen and Associates has a projected balance sheet that includes-(Answered)

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Question

Jensen and Associates has a projected balance sheet that includes the following accounts.

Cash

$ 225,000

Marketable securities

?

Accounts receivable

680,000

Inventory

940,000

Non-current assets, net

1,420,000

Current liabilities

375,000

Total liabilities

1,060,000

Total equity

2,985,000


What is the projected marketable securities balance?

Select one:

A. $0

B. $1,565,000

C. $780,000

D. $1,155,000

E. None of the above

 

Paper#9210916 | Written in 27-Jul-2016

Price : $19
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