Question: 1 According to AEB Systems plc financial statements as of June 2016, the firm had current assets of $6.642 billion, non-current assets of $16.521 billion, current liabilities of $11.283 billion, and non-current liabilities of $6.589 billion. What is the value of the shareholders' equity for AEB Systems? How much is the net working capital? Question: 2 As of April 30, 2017, Marcus Tools has assets of $90,000 and liabilities of $22,000. How much is the owner's equity for Marcus Tools as of April 30, 2017?
Question: 1 According to AEB Systems plc financial statements as of June 2016, the firm had current assets of $6.642 billion, non-current assets of $16.521 billion, current liabilities of $11.283 billion, and non-current liabilities of $6.589 billion. What is the value of the shareholders' equity for AEB Systems? How much is the net working capital? Question: 2 As of April 30, 2017, Marcus Tools has assets of $90,000 and liabilities of $22,000. How much is the owner's equity for Marcus Tools as of April 30, 2017?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 97.1C
Related questions
Question
Question: 1 |
According to AEB Systems plc financial statements as of June 2016, the firm had current assets of $6.642 billion, non-current assets of $16.521 billion, current liabilities of $11.283 billion, and non-current liabilities of $6.589 billion. What is the value of the shareholders' equity for AEB Systems? How much is the net |
Question: 2 |
As of April 30, 2017, Marcus Tools has assets of $90,000 and liabilities of $22,000. How much is the owner's equity for Marcus Tools as of April 30, 2017? |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
PFIN (with PFIN Online, 1 term (6 months) Printed…
Finance
ISBN:
9781337117005
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Reporting, Financial Statement Analysis…
Finance
ISBN:
9781285190907
Author:
James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:
Cengage Learning