Ask Question
3 May, 03:57

Wims, Inc., has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200.

a. What is the value of the shareholders' equity account for this firm?

b. How much is net working capital?

+1
Answers (1)
  1. 3 May, 05:11
    0
    (a) $17,900

    (b) $800

    Explanation:

    Given that,

    Current assets = $4,900

    Net fixed assets = $27,300

    Current liabilities = $4,100

    Long-term debt = $10,200

    (a) Total assets = Current assets + Net fixed assets

    = $4,900 + $27,300

    = $32,200

    Total liabilities = Current liabilities + Long-term debt

    = $4,100 + $10,200

    = $14,300

    value of the shareholders' equity:

    = Total assets - Total liabilities

    = $32,200 - $14,300

    = $17,900

    (b) Net working capital:

    = Current assets - Current liabilities

    = $4,900 - $4,100

    = $800
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Wims, Inc., has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200. a. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers