1. 1. Wims, Inc., has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200.  What is the value of the shareholders' equity account for this firm? How much is net working capital? 
2.  2. Griffin's Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest expense of $34,000, and a tax rate of 21 percent. What is the net income for this firm?

 

 

Answer rating: 100% (QA)

1 To calculate the value of the shareholders equity account we subtract total liabilities from tota... View the full answer