Question

You find the following financial information about a company: net working capital = $1,113; fixed assets...

You find the following financial information about a company: net working capital = $1,113; fixed assets = $6,281; total assets = $8,638; and long-term debt = $4,645. What are the company's total liabilities?

Multiple Choice

  • $5,758

  • $8,472

  • $1,931

  • $7,654

  • $5,889

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Homework Answers

Answer #1

$5,889

Net working capital =Current assets -Current Liabilities

Total Assets =Current Assets +Fixed Assets

Total Liabilities =Current Liabilities +Long term debt

Total assets =total Liabilities +equities

Here Net working capital=$1,113

Fixed Assets=$6,281 Total Assets=$8,638 So current Assets =$8,638-$6,281=$2,357

Net Working Capital =$1,113

$2,357-Current Liabilities=$1,113

Current liabilities =$1,244($2,357-$1,113)

Total Liabilities =Current liabilities +Long term debt

Long Term debt given as $4,645

So total liabilities=$4,645+$1,244=$5,889

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