Hope Industries has net working capital of $15,300, current assets of $45,800, equity of $55, 400, and long-term debt of $11,800. What is the amount of net fixed assets?

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 1E
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Hope Industries has net working capital of $15,300,
current assets of $45,800, equity of $55, 400, and
long-term debt of $11,800. What is the amount of
net fixed assets?
Transcribed Image Text:Hope Industries has net working capital of $15,300, current assets of $45,800, equity of $55, 400, and long-term debt of $11,800. What is the amount of net fixed assets?
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