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Alesha, Inc., has current assets of $7,300, net fixed assets of $28,200, current liabilities of $6,500, and long-term debt of $15,300. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?

Alesha, Inc., has current assets of $7,300, net fixed assets of $28,200, current liabilities of $6,500, and long-term debt of $15,300. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 19MC: Owners equity represents which of the following? A. the amount of funding the company has from...
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Financial accounting

Alesha, Inc., has current assets of $7,300, net fixed assets of $28,200, current liabilities of $6,500, and long-term debt of $15,300. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?
Transcribed Image Text:Alesha, Inc., has current assets of $7,300, net fixed assets of $28,200, current liabilities of $6,500, and long-term debt of $15,300. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?
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