Question

Question 19 3 pts Hoodoo Voodoo Co. has total assets of $64,350, net working capital of $19,375, owners' equity of $31,555, and long-term debt of $21,945. What is the company's current assets? $53,500 O $30,225 O $34,125 O $44,975 O $31,555

Answer 1

as we know , net working capital = Current assets - Current Liability,

Page Ans B $30,225 Explomationt We Know Tatal Assets = Current liability + long tem Putting values in equation Liability + Oumen's Equity 64350 = Current liability + 21945+31555 Current liability =64350 - 21945- 31555 1085o e het Warking Capital z Current Assels - Current liability Putting value in equation 19375 = Current Assets-10850 Current Assets 19375+ 20850 2/30225) option B

And total assets = current liabilities + long term liabilities + owners equity,

Rest explained in image.