Question

You find the following financial information about a company: net working capital = $924; fixed assets...

You find the following financial information about a company: net working capital = $924; fixed assets = $5,833; total assets = $8,414; and long-term debt = $4,463. What are the company's total liabilities?

Homework Answers

Answer #1
Total laibilities $    6,120
Working:
a. Current Assets = Total Assets - Fixed Assets
= $       8,414 - $       5,833
= $       2,581
b. Net Working Capital = Current Assets -Current Libilities
or,
Current Liabilities = Current Assets - net working capital
= $       2,581 - 924
= $       1,657
c. Total liabilities = Current Liabilities + Long term debt
= $       1,657 + $       4,463
= $       6,120
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