Need answer the financial accounting Vanguard Industries, Inc. has the following financial information:Current assets: $8,500Net fixed assets: $30,000Current liabilities: $7,200Long term debt: $15,000a. What is the value of the shareholders' equity account for thisfirm?b. How much is the net working capital?

Step 1: Definition of Shareholders' Equity and Net Working CapitalShareholders' Equity: The residual…

Answered: Vanguard Industries, Inc. has the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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Vanguard Industries, Inc. has the following financial information: Current assets: $8,500 Net fixed assets: $30,000 Current liabilities: $7,200 Long term debt: $15,000 a. What is the value of the shareholders' equity account for this firm? b. How much is the net working capital?