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Compute the profilo cos total equity

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Reference no: EM132557775

Question - Profilo Co. has the following assets and liabilities:

Assets: cash, $100; accounts receivable, $150; Inventory, $240; land, $200; plant, net of accumulated depreciation: 300.

Liabilities: short-term bank loan, 60; accounts payable, $160; long-term mortgage loan, $160.

Compute the Profilo Co.'s total equity?

a. $990

b. $880

c. $770

d. $610

e. $380

Reference no: EM132557775

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