A company has net working capital of $752. Long term debt is $4,213, total assets are...

Question

Question

Answer 1

Answer #1

1. Total liabilities = ?

Given,

Long term debt = $ 4213 ; Total assets = $ 6381; Fixed assets = $ 4083

We know, Total assets = Fixed assets + Current Assets

$ 6381 = $ 4083 + Current Assets

Current assets = $ 6381- $ 4083 = $ 2298

Given, Net working capital = $ 752

We Know, Net working capital = Current assets - Current liabilities

$ 752 = $ 2298 - Current liabilities

Current liabilities = $ 2298 - $ 752 = $ 1546

We know, Total liabilities = Long term liabilities + Current liabilities

= $ 4213 + $ 1546

Total liabilities = $ 5759

Note: As per HOMEWORKLIB POLICY, only one question has to be answered at once.

Answer 2

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