Question

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Blitz Corp. has a book value of equity of RM17,010. Long-term debt is RM8,400. Net working...

  1. Blitz Corp. has a book value of equity of RM17,010. Long-term debt is RM8,400. Net working capital, other than cash, is RM2,150. Fixed assets are RM22,430 and current liabilities are RM2,260.
    1. How much cash does the company have? ii )What are current assets?                                                                                   

Solutions

Expert Solution

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

= 17010 + 8400 + 2260

= 27670

Total liabilities and owner equity = Total assets = Fixed assets + Current assets

Fixed assets = 22430

Current assets = 27670 - 22430

= 5240

Current assets excluding cash = Current liabilities + Net working capital except cash

= 2260 + 2150

= 4410

Cash balance = Current assets - Current assets excluding cash

= 5240 - 4410

= 830

jeff jeffy answered 2 years ago
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