Orion Components, Inc. provides the following financial information: • • • • Current Assets: $10,200 Net Fixed Assets: $42,000 Current Liabilities: $8,400 Long-Term Debt: $18,000 a. What is the value of the shareholders' equity account for the firm? b. How much is the net working capital (NWC)?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
icon
Related questions
Question
100%

I am searching for the accurate solution to this financial accounting problem with the right approach.

Orion Components, Inc. provides the following financial
information:
•
•
•
•
Current Assets: $10,200
Net Fixed Assets: $42,000
Current Liabilities: $8,400
Long-Term Debt: $18,000
a. What is the value of the shareholders' equity account for
the firm?
b. How much is the net working capital (NWC)?
Transcribed Image Text:Orion Components, Inc. provides the following financial information: • • • • Current Assets: $10,200 Net Fixed Assets: $42,000 Current Liabilities: $8,400 Long-Term Debt: $18,000 a. What is the value of the shareholders' equity account for the firm? b. How much is the net working capital (NWC)?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer