Wims, Inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950,...

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Wims, Inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000 What is the value of the shareholders equity account for this firm? (Do not round intermediate calculations.) How much is net working capital? (Do not round intermediate calculations.) a. b. a. Shareholders equity b. NWC

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Answer 1

Answer #1

a. Shareholder's equity = Total Assets - Total liabilities

= ($6,000+$25,100) - ($4,950+$12,000)

= $31,100 - $16,950

= $14,150.

b. Net Working Capital (NWC) = Current assets - Current liabilities

= $6,000 - $4,950

= $1,050.

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Answer 2

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