Wims, Inc. has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200. a. What is the value of the shareholders' equity account for this form? b. How much is net working capital?
Wims, Inc. has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200. a. What is the value of the shareholders' equity account for this form? b. How much is net working capital?
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 19MC: Owners equity represents which of the following? A. the amount of funding the company has from...
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![Wims, Inc. has current assets of $4,900, net fixed assets
of $27,300, current liabilities of $4,100, and long-term
debt of $10,200.
a. What is the value of the shareholders' equity account
for this form?
b. How much is net working capital?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8dfa22f5-25b9-4838-b4b5-7d27f5e6d8cc%2F0c74f394-7db0-45d9-8f0f-914d472ab1ea%2Fys0831o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Wims, Inc. has current assets of $4,900, net fixed assets
of $27,300, current liabilities of $4,100, and long-term
debt of $10,200.
a. What is the value of the shareholders' equity account
for this form?
b. How much is net working capital?
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