ABC Company has the following financial information: • • Current assets: $8,500 Net fixed assets: $27,300 • • Current liabilities: $6,200 Long-term debt: $15,400 a. Calculate the value of the shareholders' equity account for this firm. b. Determine the net working capital.

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What is the answer? A. B. ? General accounting question

ABC Company has the following financial information:
•
•
Current assets: $8,500
Net fixed assets: $27,300
•
•
Current liabilities: $6,200
Long-term debt: $15,400
a. Calculate the value of the shareholders' equity account for this firm.
b. Determine the net working capital.
Transcribed Image Text:ABC Company has the following financial information: • • Current assets: $8,500 Net fixed assets: $27,300 • • Current liabilities: $6,200 Long-term debt: $15,400 a. Calculate the value of the shareholders' equity account for this firm. b. Determine the net working capital.
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