Math  /  Algebra

QuestionA company has the following assets and liabilities, in thousands of dollars Inventory - \196,NotesPayable$308,MortgagesPayable$224,AccountsPayable$56,LongtermNotesPayable196, Notes Payable - \$308, Mortgages Payable - \$224, Accounts Payable - \$56, Long - term Notes Payable - \84 84
The total assets of the company are $2016\$ 2016 (Express the amount in thousands of dollars.) The total liabilities of the company are $\$ \square. (Express the amount in thousands of dollars.)

Studdy Solution
Calculate the sum:
Total Liabilities=308+224+56+84=672 \text{Total Liabilities} = 308 + 224 + 56 + 84 = 672
The total liabilities of the company are:
672 \boxed{672}

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