As part of their routine financial review, investors are examining the balance sheet of DEF Services Ltd., a service-oriented company. The balance sheet reveals the following information: Total Assets: $3,000,000 Total Liabilities: $1,800,000 Total Current Assets: $1,200,000 Total Current Liabilities: $700,000 Based on this information, what is the amount of DEF Services Ltd.'s total equity?

Exam

CFA Level 1

Section

Difficulty

Financial Reporting and Analysis

Calculating Total Equity from Balance Sheet Data

Medium Financial Statements Balance Sheet

As part of their routine financial review, investors are examining the balance sheet of DEF Services Ltd., a service-oriented company.

The balance sheet reveals the following information:

Based on this information, what is the amount of DEF Services Ltd.'s total equity?

Total equity is $1,200,000.

Total equity is $1,300,000.

Total equity is $1,500,000.

Submitted1.6K

Correct1.2K

% Correct74%