1. A company has $1,413 in inventory, $4,872 in net fixed assets, $694 in accounts receivable, $318 in cash, $666 in accounts payable, $1,108 in long-term debt, and $5,467 in equity. What are the company's total assets?
2. What is the difference between book value and market value? Which should we use for decision-making purposes?
3. You find the following financial information about a company: net working capital = $924; fixed assets = $5,833; total assets = $8,414; and long-term debt = $4,463. What are the company's total liabilities?