Scare Train, Inc. has the following balance sheet statement items: current liabilities of $847,569; net fixed...

Scare Train, Inc. has the following balance sheet statement items: current liabilities of $847,569; net fixed and other assets of $1,542,574; total assets of $3,360,467; and long-term debt of $704,043. What is the amount of the firm’s net working capital?

Expert Solution

Current Asset= Total asset – Net fixed and other assets

= $3,360,467 - $1,542,574

= $1,817,893

Net working capital= Current assets – Current Liabilities

= $1,817,893 - $847,569

= $970,324.

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jeff jeffy answered 6 months ago

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