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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?

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?

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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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?
Transcribed Image Text: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?
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