Wims, Inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of $3,500, and long-term debt of $7,900. 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. NWC

Wims, Inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of $3,500, and long-term debt of $7,900. 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. NWC

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 4AP

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Question

Wims, Inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of
$3,500, and long-term debt of $7,900.
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. NWC
a.
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