Question

ANSWER MUST BE IN EXCEL FORMULA FORMAT

KCCO, Inc., has current assets of $5,300, net fixed assets of $24.900. current liabilities of $4,600. and long-term debt of $10,300. What is the value of the shareholders' equity account for this firm? How much is net working capital? $ Current assets Net fixed assets 5,300 24,900 Current liabilities Long-term debt 4,600 10,300 omandate the followinnalais Donatbard and value in our onlaulation

Answer 1

в с Current assets Net fixed assets $ $ Balance Sheet 5,300 Current liabilities 24,900 Long term debt Owner's equity $ $ $ 4,600 10,300 15,300 Total assets $ 30,200 Total liabilities and equity $ 30,200 Owner's equity $ 15,300 Net working capital $ 700 Note: Owner's equity = Total assets - current liabilities - long term debt Net working capital = Total current asset - Total current liabilities

EXCEL FORMULA:

B C D E Current assets Net fixed assets 5300 24900 Balance Sheet Current liabilities Long term debt Owner's equity 4600 10300 =E7-E4-E3 NMCE Total assets =C4+C3 Total liabilities and equity =C7 Owner's equity =E7-E3-E4 Net working capital =C3-E3