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Ambar, Inc., has current assets of $8,600, net fixed assets of $31,900, current liabilities of $7,400, and long-term debt of $14,200. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?

Ambar, Inc., has current assets of $8,600, net fixed assets of $31,900, current liabilities of $7,400, and long-term debt of $14,200. 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
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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Financial Accounting 2 PTS

Ambar, Inc., has current assets of $8,600, net fixed assets of $31,900, current liabilities of $7,400, and long-term debt of $14,200. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?
Transcribed Image Text:Ambar, Inc., has current assets of $8,600, net fixed assets of $31,900, current liabilities of $7,400, and long-term debt of $14,200. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?
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