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Oak Ridge Manufacturing Co. has the following financial data: Current assets: $4,500 Net fixed assets: $8,200 Current liabilities: $2,300 Long-term debt: $6,000 a. What is the value of the Shareholders' equity account for Oak Ridge Manufacturing Co.? b. How much is the net working capital?

Oak Ridge Manufacturing Co. has the following financial data: Current assets: $4,500 Net fixed assets: $8,200 Current liabilities: $2,300 Long-term debt: $6,000 a. What is the value of the Shareholders' equity account for Oak Ridge Manufacturing Co.? 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 7EB: Assume Plainfield Manufacturing has debt of $6,500,000 with a cost of capital of 9.5% and equity of...
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Oak Ridge Manufacturing Co. has the following financial data: Current assets: $4,500 Net fixed assets: $8,200 Current liabilities: $2,300 Long-term debt: $6,000 a. What is the value of the Shareholders' equity account for Oak Ridge Manufacturing Co.? b. How much is the net working capital?
Transcribed Image Text:Oak Ridge Manufacturing Co. has the following financial data: Current assets: $4,500 Net fixed assets: $8,200 Current liabilities: $2,300 Long-term debt: $6,000 a. What is the value of the Shareholders' equity account for Oak Ridge Manufacturing Co.? b. How much is the net working capital?
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