Question

Current assets?

Current assets?

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Answer #1

Total liabilities=Current liabilities+Long term debt

=(1775+8225)=$10,000

Total liabilities and equity=Total liabilities+equity

=(10,000+14235)

=$24235

Total liabilities and equity=Fixed assets+Current assets

Current assets=(24235-19640)=$4595

Net working capital other than cash =(Current assets-Cash)Current liabilities

2165=(4595-Cash)-1775

Cash=(4595-1775-2165)

=$655.

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