Purple Dalia Inc has the following balance sheet statement i

Purple Dalia, Inc. has the following balance sheet statement items: current liabilities of $653,597; net fixed and other assets of $1,485,340; total assets of $3,358,890; and long-term debt of $864,508. What is the amount of the firm

Solution

TOTAL ASSETS - (LONG TERM DEBT + CURRENT LIABILITIES)

= $3316620 - ($626891+$880227)

= $3316620 - $1507118

= $1809502