A company has net working capital of $3,270, current assets of $8,620, equity of $25,880, and...

A company has net working capital of $3,270, current assets of $8,620, equity of $25,880, and long-term debt of $13,680. What is the company's net fixed assets?

Group of answer choices

$25,570

$35,340

$42,830

$36,290

$27,590

Solutions

Expert Solution

Total equity and liabilities = Equity + Long term debt + Current liabilities

Equity = 25880

Long term debt = 13680

Current liabilities = Current assets - Net working capital

= 8620 - 3270 = 5350

Total equity and liabilities = 25880 + 13680 + 5350 = 44910

Total equity and liabilities = Total assets

Total assets = Current asset + Net fixed asset

44910 = 8620 + Net fixed asset

Net fixed asset = 44910 - 8620

= 36290

Correct choice D

jeff jeffy answered 1 year ago

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