What is the amount of the firm’s total current assets?

3. Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm’s total current assets?

a. $885,000

b. $1,550,000

c. $600,000

d. $325,000

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