Multiple Choice
You have the following information on Olivia's Bridle Shop: total liabilities and equity = $65 million, current liabilities = $10 million, inventory = $15 million, and quick ratio = 3 times. Using this information, what is the balance for fixed assets on Olivia's balance sheet?
A) $20m.
B) $40m.
C) $45m.
D) $135m.
Correct Answer:
Verified
Correct Answer:
Verified
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