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GlobalTech Ltd. has current assets of $8,500, net fixed assets of $35,000, current liabilities of $6,500, and long-term debt of $15,000. a. What is the value of the shareholders' equity account for this firm? b. How much is the net working capital?

GlobalTech Ltd. has current assets of $8,500, net fixed assets of $35,000, current liabilities of $6,500, and long-term debt of $15,000. a. What is the value of the shareholders' equity account for this firm? b. How much is the net working capital?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 7EA: Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of...
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GlobalTech Ltd. has current assets of $8,500, net fixed assets of $35,000, current liabilities of $6,500, and long-term debt of $15,000. a. What is the value of the shareholders' equity account for this firm? b. How much is the net working capital?
Transcribed Image Text:GlobalTech Ltd. has current assets of $8,500, net fixed assets of $35,000, current liabilities of $6,500, and long-term debt of $15,000. a. What is the value of the shareholders' equity account for this firm? b. How much is the net working capital?
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