Question

Saunders Corp. has a book net worth of $16,750. Long-term debt is $3,400. Net working capital,...

Saunders Corp. has a book net worth of $16,750. Long-term debt is $3,400. Net working capital, other than cash, is $4,400. Fixed assets are $4,150 and current liabilities are $2,250.

  

Required:
(a) How much cash does the company have?

(Click to select)14,26613,43413,85016,00013,850

   

(b) What is the value of the current assets?

(Click to select)21,5256,65020,50019,47520,090

Homework Answers

Answer #1

The following calculations are done

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