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What is the net purchase or sale of fixed assets

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Q. What is the net purchase or sale of fixed assets for the period given the following information?

Beginning Net Fixed Assets $14,300,000

Ending Net Fixed Assets $12,850,000

Ending Accumulated Depreciation $5,650,000

Annual Depreciation Expense $1,150,000

Q.A firm has the following account balances and a .83 quick ratio. What is the firm's Accounts Receivable balance?

Cash $3,600,000

Inventory $4,200,000

Fixed Assets $32,000,000

Current Portion of Long Term Bonds $4,400,000

Accounts Payable $6,600,000

Long Term Bonds $30,000,000

Reference no: EM132201283

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