Hoodoo Voodoo Co. has total assets of $66,750, net working capital of $20,575, owners' equity of...
Hoodoo Voodoo Co. has total assets of $66,750, net working capital of $20,575, owners' equity of $32,435, and long-term debt of $24,265. What is the company's current assets?
Multiple Choice
-
$46,175
-
$32,435
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$30,625
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$36,125
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$56,700
Homework Answers
total assets=owners' equity+long-term debt+current liabilities
current liabilities=(66,750-32,435-24,265)=$10050
Net working capital= current assets-current liabilities
current assets=10050+20,575
=$30625
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