Bear Tracks, Inc., has current assets of $2,250, net fixed assets of $10,100, current liabilities of $1,390, and long-term debt of $4,060. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Bear Tracks, Inc., has current assets of $2,250, net fixed assets of $10,100, current liabilities of $1,390, and long-term debt of $4,060. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bear Tracks, Inc., has current assets of $2,250, net fixed assets of $10,100, current
liabilities of $1,390, and long-term debt of $4,060.
a. What is the value of the shareholders' equity account for this firm? (Do not round
intermediate calculations and round your answer to the nearest whole number, e.g.,
32.)
b. How much is the company's net working capital? (Do not round intermediate
calculations and round your answer to the nearest whole number, e.g., 32.)
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