Crest Wave Technologies, Inc. has current assets of $5,500, net fixed assets of $30,000, current liabilities of $3,200, and long-term debt of $15,000. What is the value of the shareholders' equity account for this firm?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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Crest Wave Technologies, Inc. has current assets of $5,500, net fixed assets of
$30,000, current liabilities of $3,200, and long-term debt of $15,000.
What is the value of the shareholders' equity account for this firm?
Transcribed Image Text:Crest Wave Technologies, Inc. has current assets of $5,500, net fixed assets of $30,000, current liabilities of $3,200, and long-term debt of $15,000. What is the value of the shareholders' equity account for this firm?
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