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E connect Homework 1 (Financlel Statements Seve & Exit Submit < Question 3 of 12 3. 1000 points MC algo 2-18 Net Fixed Assets A company has net working capital of $2.482. current assets of $6,625, equity of $22,485, and long-term debt of $10.625. What is the companys net fixed O $24967 O $39735 O $30.62 O $26,485 O $28.967 Multiple Choice Difficulty: 1 Besic Section: 21 The Balance Sheet MacBook Pro 5 6 8 command
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Answer #1
Current Liabilities:
Current assets 6625
Less: Working capital 2482
Current Liabilities: 4143
Total Liabilities:
Current liabilities 4143
Long term debts 10625
Equity 22485
Total Liabilities: 37253
Total Liabilities = Total assets
Therefore, Total assets = 37253
Net Fixed Assets:
Total assets 37253
Less: Current assets 6625
Net Fixed Assets: 30628
Answer is $ 30628
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