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Saunders Corp. has a book net worth of $13,255. Long- term debt is $8,300. Net working capital, other than cash, is $3,215. Fixed assets are $17,480 and current liabilities are $1,670. a. How much cash does the company have? b. What is the value of the current assets?

Saunders Corp. has a book net worth of $13,255. Long- term debt is $8,300. Net working capital, other than cash, is $3,215. Fixed assets are $17,480 and current liabilities are $1,670. a. How much cash does the company have? b. What is the value of the current assets?

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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Saunders Corp. has a book net worth of $13,255. Long- term debt is $8,300. Net working capital, other than cash, is $3,215. Fixed assets are $17,480 and current liabilities are $1,670. a. How much cash does the company have? b. What is the value of the current assets?
Transcribed Image Text:Saunders Corp. has a book net worth of $13,255. Long- term debt is $8,300. Net working capital, other than cash, is $3,215. Fixed assets are $17,480 and current liabilities are $1,670. a. How much cash does the company have? b. What is the value of the current assets?
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