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?
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?
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
Related questions
Question
Need answer the financial accounting
Transcribed Image Text: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?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College