Question

Cash Equation: Sam's Corporation has equity value of $14,480. The long term debt is $9,970 Net...

Cash Equation: Sam's Corporation has equity value of $14,480. The long term debt is $9,970 Net working capital other then cash is $3,340. Fixed assets are $12,840. 1. How much cash does the company have? If current liabilities are $4,980. 2. What is the total Current assets?

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Answer #1

Equity value = $ 14,480

Long term debt = $ 9,970

Current liabilities = $ 4,980

Total Liabilities + Equity = Equity value + Long term debt + Current liabilities = 14480 + 9970 + 4980 = $ 29,430

Total Liabilities + Equity = Total Assets

Total Assets = $ 29,430

Current Assets = Total Assets - Fixed Assets = 29,430 - 12,840 = $ 16,590

Net Working capital less cash = 3340

Current Assets - Current Liabilities- Cash = 3340

Cash = Current Assets - Current liabilites - 3340 = 16590- 4980 - 3340 = $ 8,270

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