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...
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Please answer the following requirements on this general accounting question
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?
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