Saunders Corp. has a book net worth of $13,655. Long-term debt is $9,100. Net wo

Question

Saunders Corp. has a book net worth of $13,655. Long-term debt is $9,100. Net working capital, other than cash, is $3,720. Fixed assets are $18,280 and current liabilities are $1,990. How much cash does the company have? What is the value of the current assets?

Saunders Corp. has a book net worth of $13,655. Long-term debt is $9,100. Net working capital, other than cash, is $3,720. Fixed assets are $18,280 and current liabilities are $1,990. How much cash does the company have? What is the value of the current assets?

Explanation / Answer

Fixed asset 18280 net worth 13655 current asset other than cash 1730 Debt 9100 less : current liability -1990 net working capital other than cash 3720 22755 22000 cash balance = 22755-22000 = 755 value of current assets = 1730 + 755 = 2485

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