Homework Answers
Total assets = Current assets + Net fixed assets = $2,350 + $11,100 = $13,450
Total assets = Current liabilities + Long term debt + Shareholder's equity
$13,450 = $1,440 + $4,160 + Shareholder's equity
Shareholder's equity = $13,450 - $1,440 - $4,160 = $7,850
Net working capital = Current assets - Current liabilities = $2,350 - $1,440 = $910
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