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3 June, 06:07

Wims, Inc., has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200.

a. What is the value of the shareholders' equity account for this firm?

b. How much is net working capital?

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  1. 3 June, 06:34
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    (a) $17,900

    (b) $800

    Explanation:

    Given that,

    Current assets = $4,900

    Net fixed assets = $27,300

    Current liabilities = $4,100

    Long-term debt = $10,200

    (a) Total assets = Current assets + Net fixed assets

    = $4,900 + $27,300

    = $32,200

    Total liabilities = Current liabilities + Long-term debt

    = $4,100 + $10,200

    = $14,300

    value of the shareholders' equity:

    = Total assets - Total liabilities

    = $32,200 - $14,300

    = $17,900

    (b) Net working capital:

    = Current assets - Current liabilities

    = $4,900 - $4,100

    = $800
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