Please answer the following requirements on this general accounting question 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?

To solve this, we can use the basic accounting equation and the formula for net working capital.…

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?