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Question 34 4 pts Use the following information to answer this question: End of Last...

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Finance

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Question 34 4 pts Use the following information to answer this question: End of Last Year Figures Cash $10,000 Accts Receivable 15,000 Inventory 35,000 Fixed Assets, gross 55,000 Accum. 15,000 Depreciation Fixed Assets, net 40,000 Accounts Payable 25,000 Notes Payable 5.000 Long-Term Debt 20,000 Common Equity 50,000 The firm currently uses straight-line depreciation. No fixed assets are expected to be purchased or sold. Current assets and accounts payable vary directly with sales. Notes payable will be paid off at the end of coming year. Depreciation expense last year was $5.000, Sales are expected to grow by 23% this coming year. All net income is paid out in dividends and no new stock or bonds will be issued or retired. Calculate total liabilities for the end of the coming year. (round to closest dollar)

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