Ask Question
17 January, 09:31

Bear Tracks, Inc., has current assets of $2,350, net fixed assets of $11,100, current liabilities of $1,440, and long-term debt of $4,160. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.) Shareholders' equity $ How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.) Net working capital $

+2
Answers (1)
  1. 17 January, 09:56
    0
    Owners Equity is $7,850

    Net Working Capital is $910

    Explanation:

    Total Assets = Total Liabilities + Owners Equity

    ($2,350 + $11,100) = ($1,440 + $4,160) + Owners Equity

    ($13,450) = ($5,600) + Owners Equity

    $13,450 - $5,600 = Owners Equity

    $7,850 = Owners Equity

    Net working capital is calculated as current assets - current liabilities

    $2,350 - $1,440 = $910.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bear Tracks, Inc., has current assets of $2,350, net fixed assets of $11,100, current liabilities of $1,440, and long-term debt of $4,160. ...” 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