A company has net working capital of $2,507, current assets of $6,650, equity of $22,530, and long-term debt of $10,640. What is the company's net fixed assets

Asset = $37,313

Explanation:

Fixed assets are the component of a firm's asset that is fixed during the production process. The other component of asset is the current assets, that are convertible to liquid assets that can be used in the production process.

Net working capital = current assets - current liabilities

Current liabilities = Current assets - Net working capital

Current liabilities = 6,650 - 2,507 = $4,143

Total liabilities = current liabilities + long term liabilities

Total liabilities = 4,143 + 10,640

Total liabilities = $14,783

According to the accounting formula

Asset = liabilities + owner's equity

Asset = 14,783 + 22,530

Asset = $37,313