(Related to Checkpoint​ 3.2) ​ (Working with the balance​ sheet)  The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor. At the end of the most recent year the firm had current assets of $ 48 comma 600 ​,  net fixed assets of $ 250 comma 500 ​,  current liabilities of $ 30 comma 200 ​,  and​ long-term debt of $ 98 comma 500 . a.  Calculate​ Caraway's stockholders' equity. b.  What is the​ firm's net working​ capital? c.  If​ Caraway's current liabilities consist of $ 19 comma 200  in accounts payable and $ 11 comma 000  in​ short-term debt​ (notes payable), what is the​ firm's net working​ capital? Question content area bottom Part 1 a.  Calculate​ Caraway's stockholders' equity. ​Caraway's stockholders' equity is ​$enter your response here .  ​(Round to the nearest​ dollar.)

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 60P
Question
(Related to Checkpoint​ 3.2) ​ (Working with the balance​ sheet)  The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor. At the end of the most recent year the firm had current assets of $ 48 comma 600 ​,  net fixed assets of $ 250 comma 500 ​,  current liabilities of $ 30 comma 200 ​,  and​ long-term debt of $ 98 comma 500 . a.  Calculate​ Caraway's stockholders' equity. b.  What is the​ firm's net working​ capital? c.  If​ Caraway's current liabilities consist of $ 19 comma 200  in accounts payable and $ 11 comma 000  in​ short-term debt​ (notes payable), what is the​ firm's net working​ capital? Question content area bottom Part 1 a.  Calculate​ Caraway's stockholders' equity. ​Caraway's stockholders' equity is ​$enter your response here .  ​(Round to the nearest​ dollar.)
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