Atlantic Corporation has net working capital of $2,350, long-term debt of $7,800, fixed assets of $10,400, and total assets of $16,200. What is the firm's total liabilities? (Round to the nearest penny.)

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...
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I am looking for the correct answer to this general accounting problem using valid accounting standards.

Atlantic Corporation has net working capital of $2,350, long-term debt
of $7,800, fixed assets of $10,400, and total assets of $16,200. What is
the firm's total liabilities? (Round to the nearest penny.)
Transcribed Image Text:Atlantic Corporation has net working capital of $2,350, long-term debt of $7,800, fixed assets of $10,400, and total assets of $16,200. What is the firm's total liabilities? (Round to the nearest penny.)
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