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A company has net working capital of $850, net fixed assets of $5,370, total assets of...

A company has net working capital of $850, net fixed assets of $5,370, total assets of $8,450, and long-term debt of $5,280. What is the company's total equity?

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Answer #1
Current assets
Current assets = Total Assets - Net fixed assets
Current assets = $8,450 - $5,370
Current assets = $3,080
Current Liabilities
Current Liabilities = Current assets - Net working capital
Current Liabilities = $3,080 - $850
Current Liabilities = $2,230
Total Equity
Total Equity = Total Assets - Long-term debt - Current liabilities
Total Equity = $8,450 - $5,280 - $2,230
Total Equity = $940
Therefore, the company's total equity will be $940
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