Bernard Auto has shareholders equity of $121,400. The firm owes a total of $132,000 of which...
Bernard Auto has shareholders equity of $121,400. The firm owes a total of $132,000 of which 40% is payable within the next year. The firm has net fixed assets of $151,620. what is the amount of the net working capital? can you show the work
Homework Answers
| Balance sheet | |||||
| liability and equity | Amount | Assets | Amount | ||
| Shareholder's equity | $121,400 | ||||
| Non current liability | $79,200 | (132000*60%) | |||
| Current liability | $52,800 | (132000*40%) | Fixed Assets | $151,620 | |
| Current assets | $101,780 | (253400-151620) | |||
| Total equity and liability | $253,400 | $253,400 | |||
| Net working capital = | Current assets - Current liability | ||||
| Net working capital = | 253400-52800 | ||||
| Net working capital = | $200,600 | ||||
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Bernard Auto has shareholders equity of $121,400. The
firm owes a total of $132,000 of which...
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