Question

In: Accounting

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.

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 ______

Solutions

Expert Solution

Here,

Current assets = $4,750

Net fixed assets = $23,900

Current liabilities = $3,000

Long term debt = $13,400

 

a.

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

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

                                   = $12,250

 

b.

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
Next > < Previous

Related Solutions

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.
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 ______
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.
 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. What is the value of the shareholders’ equity account for this firm?
Wilberton’s has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and...
Wilberton’s has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700. If inventory is $173,900, what is the current ratio? Show your calculations! A. 1.18    B. 0.52 C. 2.01 D. 1.94 2. NDG is a firm financed with 45 percent debt and 55 percent equity. What is the equity multiplier? Show your calculations! 100% 55% 45% 1.82 3. A firm’s total current liabilities increased from 200 to 220 within a year....
1 Building a Balance Sheet  KCCO, Inc. has current assets of $5,300, net fixed assets of $23,900,...
1 Building a Balance Sheet  KCCO, Inc. has current assets of $5,300, net fixed assets of $23,900, current liabilities of $4,100, and long-term debt of $10,600.  What is the value of shareholder’s equity for this firm? How much is net working capital?
Ruskin has the following balance sheet: Current assets $30,000,000, Current liabilities $10,000,000, Fixed assets 60,000,000, Long-term...
Ruskin has the following balance sheet: Current assets $30,000,000, Current liabilities $10,000,000, Fixed assets 60,000,000, Long-term debt 25,000,000, Common stock (1 million shares) 1,000,000, Retained earnings 39,000,000, Preferred Stock 15,000,000, Total assets $90,000,000, Total claims $90,000,000. The current liabilities consist entirely of notes payable to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. These bank loans are not used for seasonal financing but instead are part of the company’s...
Kroeger, Inc., has current assets of $2,320, net fixed assets of $10,800, current liabilities of $1,425,...
Kroeger, Inc., has current assets of $2,320, net fixed assets of $10,800, current liabilities of $1,425, and long-term debt of $4,130. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1: What is the value of the shareholders’ equity account for this firm?   Shareholder's equity $    Requirement 2: How much is net working capital?   Net working capital
The Holtzman Corporation has assets of $444,000, current liabilities of $51,000, and long-term liabilities of $71,000....
The Holtzman Corporation has assets of $444,000, current liabilities of $51,000, and long-term liabilities of $71,000. There is $35,500 in preferred stock outstanding; 20,000 shares of common stock have been issued.   a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)    b. If there is $25,700 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 19 times earnings per share, what is the current price of the stock? (Do not...
A firm has net working capital of $3,000, long-term debt of$9,500, total asset of $19,000,...
A firm has net working capital of $3,000, long-term debt of $9,500, total asset of $19,000, and fixed assets of $13,500. What is the amount of current liabilities?
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance...
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance sheet information for two companies in the food industry, Santa Fe Company and Madrid Company, is as follows (in thousands): Santa Fe Madrid Net property, plant, and equipment $634,720 $816,800 Current liabilities 257,307 599,208 Long-term debt 587,116 588,096 Other long-term liabilities 206,284 228,704 Stockholders' equity 256,270 321,820 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place....
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance...
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance sheet information for two companies in the food industry, Santa Fe Company and Madrid Company, is as follows (in thousands): Santa Fe Madrid Net property, plant, and equipment $743,280 $574,700 Current liabilities 331,320 466,878 Long-term debt 687,534 413,784 Other long-term liabilities 241,566 160,916 Stockholders' equity 300,100 226,430 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place....
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT