Homework Answers
Given,
Shareholders' equity = $ 141800
Total liabilities = $ 126000
Current liabilities rate = 60%
Net fixed assets = $ 161900
Solution :-
Current liabilities = Total liabilities x current liabilities rate
= $ 126000 x 60% = $ 75600
Total liabilities and equity = Total assets = Total liabilities + shareholders' equity
= $ 126000 + $ 141800 = $ 267800
Current assets = Total assets - net fixed assets
= $ 267800 - $ 161900 = $ 105900
Now,
Net working capital = Current assets - Current liabilities
= $ 105900 - $ 75600 = $ 30300
Thus, Option 'B' is the correct answer.
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