The MBJ Company has fixed assets of $509 million, total equity of $218 million, current liabilities of $128 million, and long-term debt of $390 million. Given this information, what do MBJ's current assets equal?

Question

BlackTom AI · Accepted Answer

The task provides MBJ Company's financial figures and asks for current assets. First, I’ll reconstruct the balance sheet totals using the information given.

- Fixed assets = $509 million.
- Equity = $218 million.
- Current liabilities = $128 million.
- Long-term debt = $390 million.

Next, calculate total liabilities and equity, which must equal total assets on a balanced balance sheet:
Total liabilities and equity = Equity + Long-term debt + Current liabilities = 218 + 390 + 128 = 736 million. 
Thus, Total assets = $736 million.

Now determine current assets by subtracting fixed assets from total assets:
Current assets = Total assets − Fixed assets = 736 − 509 = 227 million.

Therefore, MBJ's current assets equal $227 million. 
Note: The question’s answer field shows $227 million as the correct value, but the provided answer_options field is empty in the data, so no multiple-choice options are presented for review here.

MSB-250-300-002 Topic 2 Quiz

The MBJ Company has fixed assets of $509 million, total equity of $218 million, current liabilities of $128 million, and long-term debt of $390 million. Given this information, what do MBJ's current assets equal?

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