Wims, inc. has current assets of $4900 solve this accounting questions Wims, Inc. has current assets of $4,900, net fixed assetsof $27,300, current liabilities of $4,100, and long-termdebt of $10,200.a. What is the value of the shareholders' equity accountfor this form?b. How much is net working capital?

Step 1: Define Use of Net Working Capital The net working capital of a company aids in determining…

Answered: Wims, Inc. has current assets of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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?