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
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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
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?
A company has total equity of $2,010, net working capital of $190, long-term debt of $970,...
A company has total equity of $2,010, net working capital of $190, long-term debt of $970, and current liabilities of $2,400. What is the company's net fixed assets? A. $5,380 B. $2,590 C. $3,440 D. $2,790 E. $2,980
A company has net working capital of $2,157, current assets of $6,450, equity of $22,170, and...
A company has net working capital of $2,157, current assets of $6,450, equity of $22,170, and long-term debt of $10,520. What is the company's net fixed assets? Multiple Choice a) $30,533 b) $28,397 c) $26,240 d) $24,327 e) $39,140
Current assets = $140,000, net fixed assets = $370,000, long-term debt = $450,000, net working capital...
Current assets = $140,000, net fixed assets = $370,000, long-term debt = $450,000, net working capital = –$45,000. If liquidated, current assets will be sold for $120,000 and net fixed assets will be sold for $400,000. If repaid, both current liabilities and long-term debt will cost their book value. What is the market value of shareholders’ equity? A. Below –$110,000 B. Between –$110,000 and –$90,000 C. Between –$90,000 and –$70,000 D. Between –$70,000 and –$50,000 E. Between –$50,000 and –$30,000...
The Lonesome Duck has net working capital of $620. Long-term debt is $4,320, total assets are...
The Lonesome Duck has net working capital of $620. Long-term debt is $4,320, total assets are $8,190, and fixed assets are $4,710. What is the amount of the total liabilities? A. $4,920 B. $8,050 C. $6,890 D. $7,180 E. $2,860
A firm had current assets of $50,000, net fixed assets of $250,000, current liabilities of $...
A firm had current assets of $50,000, net fixed assets of $250,000, current liabilities of $ 30,000, and long-term debt of $100,000 What is the firm’s stockholder equity? What is the net working capital? If its current liabilities consist of $20,000 in accounts payable and $10,000 in short-term debt (notes payable), what is the firm’s net working capital? Your submission must include and indicate clearly which EQUATIONS from the textbook that you have used, and must show steps in details...
These are some financial information about company ABC. Find the below ratios/values. Total liabilities = $3227144...
These are some financial information about company ABC. Find the below ratios/values. Total liabilities = $3227144                  Total assets = $8201372         Current assets = $4851586 Current liabilities = $ 1211335              Inventory = $500000 Final answer: Debt ratio Final answer: Current ratio Final answer: Working capital Final answer: Total equity
Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: Fixed assets (net)...
Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: Fixed assets (net) $754,200 Long-term liabilities 419,000 Total liabilities 2,786,350 Total stockholders' equity 1,466,500 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities fill in the blank 1 b. Ratio of liabilities to stockholders' equity fill in the blank 2...
Sam's Corporation has equity value of $14,480. The long term debt is $9,970. Net working capital...
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. A. How much cash does the company have? If current liabilities are $4,980. B. What is the total current assets?