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Suppose that a firm has total assets of 1100000long-term

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Suppose that a firm has total assets of $1,100,000,long-term debt of $400,000, total common equity of $400,000,and preferred stock of $50,000. The only other item recordedon the right hand side of the firm's balance sheet is currentliabilities. Calculate the firm's current liabilities.

Reference no: EM13610954

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