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Compute the company accounts receivable balance

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Problem 1: Frosty Cone Ice Cream Shop has $1,000 in cash; $2,000 in inventory; and $10,000 in net fixed assets. Total Assets equal $15,000. Compute the company's Accounts Receivable balance.

Group of answer choices

Option 1: $5,000

Option 2: $3,000

Option 3: $2,000

Option 4: $15,000

Reference no: EM132998875

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