Solution-Projected marketable securities balance

Projected marketable securities balance

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Reference no: EM131041405

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

Reference no: EM131041405

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Projected marketable securities balance

Reference no: EM131041405

Reference no: EM131041405

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