Can someone please Answer Me!!!

You own a store that sells video games. You owe $25,000.00 to video game vendors; you have a ten-year bank loan of $50,000.00; your bank account balance is $13,000.00; you own inventory worth $57,000.00; you have $2,000.00 in account receivable; and fixed assets are $22,000.00.

What are your total assets, liabilities, and owner’s equity?

Question

Can someone please Answer Me!!!

You own a store that sells video games.  You owe $25,000.00 to video game vendors; you have a ten-year bank loan of $50,000.00; your bank account balance is $13,000.00; you own inventory worth $57,000.00; you have $2,000.00 in account receivable; and fixed assets are $22,000.00.

What are your total assets, liabilities, and owner’s equity?

anonymous · Answer

this would best be posted in an economy class... i can't remember of the top of my head

anonymous · Answer

or the economics forum