Jensen and Associates has a projected balance sheet that includes the following accounts.
|
Cash
|
$ 225,000
|
|
Marketable securities
|
?
|
|
Accounts receivable
|
680,000
|
|
Inventory
|
940,000
|
|
Non-current assets, net
|
1,420,000
|
|
Current liabilities
|
375,000
|
|
Total liabilities
|
1,060,000
|
|
Total equity
|
2,985,000
|
What is the projected marketable securities balance?
Select one:
A. $0
B. $1,565,000
C. $780,000
D. $1,155,000
E. None of the above