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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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