Need answer please 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?

a. To calculate the value of the shareholders' equity account, we can use the accounting…

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?