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Kroeger Exporters has total assets of $74,300, net working capital of $22,900, owners' equity of $38,600,...

Kroeger Exporters has total assets of $74,300, net working capital of $22,900, owners' equity of $38,600, and long-term debt of $23,900. What is the value of the current assets?

Solutions

Expert Solution

Total assets=Total liabilities+Total equity

=$74,300

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

74300=Current liabilities+23900+38600

Current liabilities=74300-23900-38600

=$11800

Net working capital=current assets-Current liabilities

current assets=(22900+11800)

=$34700

jeff jeffy answered 2 years ago
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