A company has net working capital of $2,507, current assets of $6,650, equity of $22,530, and long-term debt of $10,640. What is the company's net fixed assets
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Given:
Net working capital = $2,507
Current assets = $6,650
Equity = $22,530
Long-term debt = $10,640.
Find the net fixed assets.
Solution:
In order to determine the net fixed assets, we calculate the long term debt to the current assets and equity. Thus we must add first the current assets and equity.
= $6,650 + $22,530
=$29,180
Subtract the long term debt.
=$29,180 - $10,640
=$18,540
Final answer:
The net fixed assets is $18,540.