Need answer please Sankey, Inc., has current assetsof $4,000, net fixed assets of $23,100,current liabilities of $2,500, and long-term debt of $12,400.a. What is the value of the shareholders'equity account for this firm?b. How much is net working capital?

Step 1: Introduction to the Balance SheetA balance sheet is a financial statement that shows three…

Answered: Sankey, Inc., has current assets of…

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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Sankey, Inc., has current assets of $4,000, net fixed assets of $23,100, current liabilities of $2,500, and long- term debt of $12,400. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?