KCCO, Inc., has current assets of $6,000, net fixed assets of $23,200, current liabilities of $5,600, and long- term debt of $13,600. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations) b. How much is net working capital? (Do not round intermediate calculations.)
KCCO, Inc., has current assets of $6,000, net fixed assets of $23,200, current liabilities of $5,600, and long- term debt of $13,600. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations) b. How much is net working capital? (Do not round intermediate calculations.)
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 4AP
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Transcribed Image Text:KCCO, Inc., has current assets of $6,000, net fixed assets
of $23,200, current liabilities of $5,600, and long- term
debt of $13,600.
a. What is the value of the shareholders' equity account
for this firm? (Do not round intermediate calculations)
b. How much is net working capital? (Do not round
intermediate calculations.)
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