What is the firm's total liabilities? Timothy Systems has net workingcapital of $1,480, long-term debt of$9,650, fixed assets of $13,100, and totalassets of $19,740. What is the firm's totalliabilities? (Round to the nearestpenny.)

Explanation of Total Assets:Total assets represent everything a company owns that has measurable…

Answered: Timothy Systems has net working capital…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 8P

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Timothy Systems has net working capital of $1,480, long-term debt of $9,650, fixed assets of $13,100, and total assets of $19,740. What is the firm's total liabilities? (Round to the nearest penny.)