The Caraway seed company grows heirloom tomatoes and sells their seeds. The heir

Question

The Caraway seed company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor. At the end of the most recent year the firm had current assets of $51, 600, net fixed assets of $248, 800, current liabilities of $31, 300, and long term debt of $101, 200. Calculate Caraway's stockholders' equality. What is the firm's net working capital? If Caraway's current liabilities consist of $20,000 in accounts payable and $11, 300 in short-term debt (includes payable), what is the firm's net working capital? Calculate Caraway's stockholders' equality. Caraway's stockholders' equality is $ 167, 900. (Round to the nearest dollar.) What is the firm's net working capital? The firm's net working capital is $. (Round to the nearest dollar.)

Explanation / Answer

a) caraways stockholders equity = current assets +net fxed assssets -long term debt -current liabilities

= $ 51600+$ 248,800-$ 101,200-$ 31,300

= $ 167,900

b)firms net working capital

net working capital= current assets-current liabilities

= $ 51,600-$ 31,300

= $ 20,300

c)current liabilities consists of $20,000 in accounts payable and $ 11,300 is notes payable there is no change in the net working capital because notes payable is also current liabilities

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