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What is the most likely amount for the company net assets

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Reference no: EM132967588

The following information is taken from Gandalf, Pty, Ltd. book:

Accounts Payable $600

Accounts Receivable $5,200

Cash $27,000

Loan Payable in 6 months $4,400

Revenue received in advance $12,000

Bank Loan - Mortgage $30,000

Accumulated depreciation $7,800

Inventory $10,200

Buildings $17,600

Supplies $1,600

Problem 1: What is the most likely amount for the company's net assets?

Select one:

a. $41,600.

b. $6,800.

c. $14,600.

d. $26,600.

e. $18,800.

Reference no: EM132967588

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