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Hoodoo Voodoo Co. has total assets of $65,700, net working capital of $20,050, owners' equity of...

Hoodoo Voodoo Co. has total assets of $65,700, net working capital of $20,050, owners' equity of $32,050, and long-term debt of $23,250. What is the company's current assets?

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Expert Solution

Current liabilities = Total assets - Owners' equity - Long-term debt = $65,700 - $32,050 - $23,250 = $10,400

Current assets = Current liabilities + Net working capital = $10,400 + $20,050 = $30,450

jeff jeffy answered 2 years ago
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