Problem

Cash Equation. Kings of Leon, Inc., has a book value of equity of $62,000. Long-term debt...

Cash Equation. Kings of Leon, Inc., has a book value of equity of $62,000. Long-term debt is $55,000. Net working capital, other than cash, is $21,800. Fixed assets are $91,600. How much cash does the company have? If current liabilities are $6,800, what are current assets?

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Solutions For Problems in Chapter 16