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

Business · College · Mon Jan 18 2021

Answered on

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.

Related Questions