ezto.mheducation.com HOMEWORK 1 McGraw-Hill Connect/ Student Performance connec

Question

ezto.mheducation.com HOMEWORK 1 McGraw-Hill Connect/ Student Performance connec FINANCE instructions I help HOMEWORK 1 Question 83 (of 100) Save & Exit Submt 83. 1.00 points Problem 2-1 Building a Balance Sheet [LO 1 Bear Tracks, Inc., has current assets of $2,260, net fixed assets of s10,200, current liabilities of $1,395, and long-term debt of $4,070. What is the value of the shareholders' equity account for this frm? (Do not round Intermediate calculations and round nearest whole number, e.g., 32.) Shareholders' equity How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g, 32.) Net working capital Hints References eBook & Resources Hint#1

Explanation / Answer

1. Shareholder's equity is given by Total Asset - Total liablities

In this case Total asset = $10200

Total Liablities = $(1395+4070)

= $ 5465

Hence Shareholders Equity = 10200 - 5465

= $ 4735

2. Company's net working capital = Current Assets-Current Liablities

= 2260 - 1395

= $ 865

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.