CFA Level 1
Financial Reporting and Analysis
Calculating Total Assets from Balance Sheet Data
Medium Financial Statements Balance Sheet
Imagine a company, Tech Innovations Inc., that has the following items on its Balance Sheet as of December 31, 2023:
- Current Assets: $500,000
- Non-Current Assets: $1,500,000
- Current Liabilities: $300,000
- Non-Current Liabilities: $700,000
- Equity: $1,000,000
Based on this information, what is the total value of the company's assets?
Hint
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