Reference no: EM132708768

Problem 1: Reliable Safe Company 2019 balance sheet showed total current assets of $1,500,000 plus $3,000,000 of net fixed assets. All of these assets were required in operations. The firm had $600,000 of current liabilities including $300,000 of accounts payable, $200,000 of 6% short-term notes payable to the bank, and $100,00 of accrued wages and taxes. It also had $1,500,000 of long-term bonds, $300,000 of common stock, and $1,750,000 of retained earnings. What was the total amount of investor-provided operating capital at the end of 2019?