Question

In: Finance

Farah’s Fashions has net working capital of $600, long-term debt of $4,000, total assets of $8,200...

Farah’s Fashions has net working capital of $600, long-term debt of $4,000, total assets of $8,200 and net fixed assets of $4,200. What is the amount of total liabilities?

Select one: a. $3,400 b. $4,000 c. $4,130 d. $7,400 e. None of the above.

Solutions

Expert Solution

Current assets = total assets - fixed assets
=$8200-4200
=$40000
Current liabilities = Current assets - working capital
=$4000-600
=$3400
Total Liabilities = current liabilities + long term debt
=$3400+4000
=$7400
Correct Option : d.$7400

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