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25 February, 09:54

Winslow enterprises has total assets of $11,700, net working capital of $1,400, owner's equity of $5,000 and long-term debt of $3,500. what is the value of the current assets?

a. $7,200

b. $1,800

c. $4,600

d. $2,100

e. $4,800

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  1. 25 February, 10:06
    0
    I guess the correct option is letter C.

    Current liabilities = $11,700 - $5,000 - $3,500 = $3,200

    Therefore,

    Current assets = $3,200 + $1,400 = $4,600
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