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PLEASE USE EXCEL Jackson Park Company has current assets of $32,450, net fixed assets of $72,340,...

PLEASE USE EXCEL


Jackson Park Company has current assets of $32,450, net fixed assets of $72,340, current liabilities of $17,842, and long-term debt of $53,200.

a. Prepare the Balance Sheet for the company and answer the following:
b. What is the value of shareholder’s equity account for the firm?
c. How much is net working capital?

Solutions

Expert Solution

Following is the excel worksheet showing the required answers:-

Following is the Formula Sheet of above excel worksheet for easy understanding of the formulas used:-

[ Note:- Shareholder’s equity = Total Assets - ( Current liabilities + Long-term debt)

Net Working Capital = Current assets - Current liabilities ]

jeff jeffy answered 1 year ago
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