A firm has net working capital of $640. Long-term debt is $4,180, total assets are $6,230, and fixed assets are $3,910. What is the amount of the total liabilities?
Current assets = $6,230 - $3,910 = $2,320
Current liabilities = $2,320 - $640 = $1,680 Total liabilities = $1,680 + $4,180 = $5,860 |
48.
|
A firm has common stock of $6,200, paid-in surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and fixed assets of $21,200. What is the amount of the shareholders' equity?
Shareholders' equity = $5,900 + $21,200 - $8,400 = $18,700
(Note: The amount of retained earnings is not provided, so you must use total assets minus total liabilities to derive the correct answer.) |
49.
|
Your firm has total assets of $4,900, fixed assets of $3,200, long-term debt of $2,900, and short-term debt of $1,400. What is the amount of net working capital?
Net working capital = $4,900 - $3,200 - $1,400 = $300
|
50.
|
Bonner Collision has shareholders' equity of $141,800. The firm owes a total of $126,000 of which 60 percent is payable within the next year. The firm net fixed assets of $161,900. What is the amount of the net working capital?
Current liabilities = .60 × $126,000 = $75,600
Total assets = $141,800 + $126,000 = $267,800 Current assets = $267,800 - $161,900 = $105,900 Net working capital = $105,900 - $75,600 = $30,300 |
51.
|
Four years ago, Velvet Purses purchased a mailing machine at a cost of $176,000. This equipment is currently valued at $64,500 on today's balance sheet but could actually be sold for $58,900. This is the only fixed asset the firm owns. Net working capital is $57,200 and long-term debt is $111,300. What is the book value of shareholders' equity?
Book value of shareholders' equity = $64,500 + $57,200 - $111,300 = $10,400
|
No comments:
Post a Comment