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A manufacturing company, Zenith Corp, has a common stock of $7,500, paid-in surplus of $10,800, total liabilities of $9,700, current assets of $7,400, and fixed assets of $24,500. What is the amount of Zenith Corp's shareholders' equity?

A manufacturing company, Zenith Corp, has a common stock of $7,500, paid-in surplus of $10,800, total liabilities of $9,700, current assets of $7,400, and fixed assets of $24,500. What is the amount of Zenith Corp's shareholders' equity?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 7EB: Assume Plainfield Manufacturing has debt of $6,500,000 with a cost of capital of 9.5% and equity of...
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A manufacturing company, Zenith Corp, has a common stock of $7,500, paid-in surplus of $10,800, total liabilities of $9,700, current assets of $7,400, and fixed assets of $24,500. What is the amount of Zenith Corp's shareholders' equity?
Transcribed Image Text:A manufacturing company, Zenith Corp, has a common stock of $7,500, paid-in surplus of $10,800, total liabilities of $9,700, current assets of $7,400, and fixed assets of $24,500. What is the amount of Zenith Corp's shareholders' equity?
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