Homework Answers
Shareholder's equity = sum of company's assets - total debt
Now, sum of company's assets = current assets + fixed assets
= $(6400 + 33600) = $40000
total debt = Current liabilities + long term debt
= $(4800 + 12000) = $16800
Thus, Shareholder's equity for Woodbury Hatchery = $(40000 - 16800)
= $23200
Thus, Answer : 23200
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