Summit Inc. reports the following: • • Current Assets = $12,300 Net Fixed Assets = $41,000 • • Current Liabilities = $9,500 Long-term Debt = $22,800 a) Compute Shareholder Equity b) Compute Net Working Capital

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Summit Inc. reports the following:
•
•
Current Assets = $12,300
Net Fixed Assets = $41,000
•
•
Current Liabilities = $9,500
Long-term Debt = $22,800
a) Compute Shareholder Equity
b) Compute Net Working Capital
Transcribed Image Text:Summit Inc. reports the following: • • Current Assets = $12,300 Net Fixed Assets = $41,000 • • Current Liabilities = $9,500 Long-term Debt = $22,800 a) Compute Shareholder Equity b) Compute Net Working Capital
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