A firm has net working capital of $560. Long-term debt is $4,500, total assets are $8,350,...

A firm has net working capital of $560. Long-term debt is $4,500, total assets are $8,350, and fixed assets are $3,700.

Q. What is the amount of total liabilities?

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Expert Solution

Long term debt = $4,500

Net Working capital = $560

Total Assets = $8,350

Fixed Assets = $3,700

Current Assets = Total Assets - Fixed Assets = $8,350 - $3,700 = $4,650

Current Liabilites = Current Assets - Net Working Capital = $4,650 - $560 = $4,090

Total liabilities = Long term debt + Current liabilities = $4,500 + $4,090 = $8,590

Therefore, amount of total liabilities is $8,590

jeff jeffy answered 1 year ago

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