Solution :
Calculation of value of Current assets :
As per the information given in the question we have
Total assets = $ 6,500 ; Net fixed assets = $ 4,000 ;
We know that Current assets = Total assets – Net fixed assets
Applying the above information in the above formula we have
Current assets = $ 6,500 - $ 4,000 = $ 2,500
Calculation of Current liabilities :
The formula for calculating net working capital is
Net working capital = Current assets – Current liabilities
As per the information available we have
Net working capital = $ 250 ; Current assets = $ 2,500 ;
Applying the above information in the formula we have
$ 250 = $ 2,500 – Current liabilities
Current liabilities + $ 250 = $ 2,500
Current liabilities = $ 2,500 - $ 250 = $ 2,250
Calculation of Total Liabilities :
The formula for calculating Total liabilities is
Total liabilities = Current liabilities + Long term debt
As per the information available we have
Current liabilities = $ 2,250 ; Long term debt = $ 3,000
Applying the above information in the formula we have Total liabilities as
= $ 2,250 + $ 3,000
= $ 5,250
The amount of Total liabilities = $ 5,250
Thus the solution is option 3 = $ 5,250
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