Bing, Incorporated, has current assets of $4,750, net fixed assets of $23,900, current liabilities of $3,000, and long-term debt of $13,400.

a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations.)

b. How much is net working capital? (Do not round intermediate calculations.)

a. Shareholders' equity _____

b. NWC ______

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Expert Solution

Here,

Current assets = $4,750

Net fixed assets = $23,900

Current liabilities = $3,000

Long term debt = $13,400

Shareholder Equity = Current Assets + Net Fixed assets - Current liabilities - Long term debt

= $4,750 + $23,900 - $3,000 - $13,400

= $12,250

Net working capital = Current assets - Current liabilities

= $4,750 - $3,000

= $1,750

a. Shareholder Equity = $12,250

b. Net working capital = $1,750

Junaid answered 1 year ago

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