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Grey Wolf, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt of $4,120. 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.) Shareholders' equity a. b. Net working capital

Grey Wolf, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt of $4,120. 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.) Shareholders' equity a. b. Net working capital

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Answer both a and b
120 6 Question 1- HW2 - Cnnect X Channel content - YouTube Stud X meducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl%=https%253A%252F%252 Saved Grey Wolf, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt of $4,120. 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.) a. Shareholders' equity b. Net working capital Prev 1 of 7 Next > search 64°
Transcribed Image Text:120 6 Question 1- HW2 - Cnnect X Channel content - YouTube Stud X meducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl%=https%253A%252F%252 Saved Grey Wolf, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt of $4,120. 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.) a. Shareholders' equity b. Net working capital Prev 1 of 7 Next > search 64°
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