Question

In: Finance

A firm has $870 inventory, $2,110 in fixed assets, $890 in accounts receivables, $480 in net...

A firm has $870 inventory, $2,110 in fixed assets, $890 in accounts receivables, $480 in net working capital, and $340 in cash. What is the amount of the current liabilities?

Group of answer choices

$830

$1,620

$3,730

$490

Solutions

Expert Solution

Current assets = inventory + accounts receivable + cash

=870 + 890 + 340

=2100

net working capital = current assets - current liabilities

480 = 2100- current liabilities

current liabilities = 2100-480

=1620

So current liabilities is $1620

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

A firm has $792 in inventory, $1,565 in fixed assets, $577 in accounts receivable, $339 in...
A firm has $792 in inventory, $1,565 in fixed assets, $577 in accounts receivable, $339 in net working capital, and $189 in cash. What is the amount of current liabilities?
1. A company has $1,301 in inventory, $4,728 in net fixed assets, $598 in accounts receivable,...
1. A company has $1,301 in inventory, $4,728 in net fixed assets, $598 in accounts receivable, $254 in cash, $538 in accounts payable, and $5,323 in equity. What is the company's long-term debt? 2. You find the following financial information about a company: net working capital = $1,113; fixed assets = $6,281; total assets = $8,638; and long-term debt = $4,645. What are the company's total liabilities? 14. (3) The tax rates are as shown below: Taxable Income Tax Rate...
Exercise 3 : A firm has sales of $2,190, net income of $174, net fixed assets...
Exercise 3 : A firm has sales of $2,190, net income of $174, net fixed assets of $1,600, and current assets of $720. The firm has $310 in inventory. What is the common-size statement value of inventory? Also explain the implications of common size analysis.
year 2016 current assets cash 8814 accounts receivable 22053 inventory 38422 total 69289 fixed assets net...
year 2016 current assets cash 8814 accounts receivable 22053 inventory 38422 total 69289 fixed assets net plant equipment 216790 total asset 286259 liabilities and owners equity current liability accounts payable 42498 not payable 19064 total 61562 long term debt 25600 owners equity common stock and paid in surplus 39600 accumulated retain earnings 159497 total 199097 total liability and owners equity 286259 finding common size
Working capital assets are comprised of cash, accounts receivables, and inventory. Is one more important to...
Working capital assets are comprised of cash, accounts receivables, and inventory. Is one more important to manage than another? Why? Why not? Which of these are the most difficult to manage? How does the accounting basis (cash vs. accrual) an organization chooses change your response, especially in regards to accounts receivables?
A firm has total assets of $311,770 and net fixed assets of $167,532. The average daily operating costs are $2,980.
A firm has total assets of $311,770 and net fixed assets of $167,532. The average daily operating costs are $2,980. What is the value of the interval measure?
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed...
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock...
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed...
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock...
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed...
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock...
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed...
Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT