Answered: Velocity Enterprises has current assets…

Velocity Enterprises has current assets of $8,500, net fixed assets of $30,000, current liabilities of $7,200, and long-term debt of $15,000. How much is the net working capital?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 7EA: Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of...

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Question

How much is the net working capital of this general accounting question?

Velocity Enterprises has current assets of $8,500, net fixed assets
of $30,000, current liabilities of $7,200, and long-term debt of
$15,000.
How much is the net working capital?

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Similar questions

What is the amount of net fixed assets?
Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of $5,500,000 with a cost of capital of 10.5%. What is Skylers weighted average cost of capital?
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Answer with formulas for upvotes?
Return on assets?
Use the following information to complete the balance sheet below. Sales are $8.4 million, capital intensity ratio is 2.00 times, debt ratio is 60 percent, and fixed asset turnover is 1.50 times. (Enter your answers in millions of dollars rounded to 2 decimal places.) Assets Current assets Fixed assets Total assets Balance Sheet Liabilities and Equity Total liabilities Total equity Total liabilities and equity $ $ million million 0.00 million million million 0.00 million
Help
How much in fixed assets must they have purchased?