In 2017, Star! Inc. had current assets of $1,500,000 and the value of its property, plant and equipments were $2,000,000. The company’s other assets were valued at $800,000 and its long-term debts totaled $900,000. How much is the company’s total assets?

$4,300,000

Explanation:

A company's total assets represents the value of the sum of the value of its current assets, non-current assets (also known as property-plant and equipment), intangible assets, and other assets. Long-term debts are also known as non-current liabilities, and are not included in the calculation.

Because we do not have intangible assets in this example, we simply add up the values of the other three asset categories to reach the

Total Assets = Current Assets + PPE + Other Assets

                     = $1,500,000 + $2,000,000 + $800,000

                     = $4,300,000

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