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 firm? (Do not round intermediate calculations.) b. How much is net working capital? (Do not round intermediate calculations.) a. Shareholders' equity b. Net working capital

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 firm? (Do not round
intermediate calculations.)
b. How much is net working capital? (Do not round intermediate calculations.)
a. Shareholders' equity
b. Net working capital
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 firm? (Do not round intermediate calculations.) b. How much is net working capital? (Do not round intermediate calculations.) a. Shareholders' equity b. Net working capital
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