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ABC Company has the following financial information: ⚫ Current Assets: $8,500 ⚫ Net Fixed Assets: $35,600 ⚫ Current Liabilities: $6,200 ⚫ Long-term Debt: $15,800 Calculate: a) Shareholders' equity b) Net working capital

ABC Company has the following financial information: ⚫ Current Assets: $8,500 ⚫ Net Fixed Assets: $35,600 ⚫ Current Liabilities: $6,200 ⚫ Long-term Debt: $15,800 Calculate: a) Shareholders' equity b) Net working capital

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Company has the following financial information: ⚫ Current Assets: $8,500 ⚫ Net Fixed Assets: $35,600 ⚫ Current Liabilities: $6,200 ⚫ Long-term Debt: $15,800 Calculate: a) Shareholders' equity b) Net working capital
Transcribed Image Text:ABC Company has the following financial information: ⚫ Current Assets: $8,500 ⚫ Net Fixed Assets: $35,600 ⚫ Current Liabilities: $6,200 ⚫ Long-term Debt: $15,800 Calculate: a) Shareholders' equity b) Net working capital
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