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Arredondo, Inc., has current assets of $2,076, net fixed assets of $10,157, current liabilities of $684, and long-term debt of $1,753.
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Expert Solution
Calculation of value of shareholder's equity
particulars Amount particulars Amount
Current asset 2076 Current liabilities 684
net fixed asset 10157 long term debt 1753
Share holder's equity 9796
Total 12233 Total 12233
Share holder's equity=Total assets-total liabilities
here,
total assets=current asset+net fixed assets
= 2076 + 10157
= 12233
Total liabilities = current liabilities + long term debt
= 684 + 1753
= 2437
Shareholder's equity = 12233 - 2437
= 9796
Shareholder's equity = $9796
Shareholder's equity = $9796
Junaid answered 1 year agoRelated Solutions
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