The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred

Question:

The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor. At the end of the most recent year the firm had current assets of $50,000, net fixed assets of $250,000, current liabilities of $30,000, and long-term debt of $100,000.

a. Calculate Caraway’s stockholders’ equity.

b. What is the firm’s net working capital?

c. If Caraway’s current liabilities consist of $20,000 in accounts payable and $10,000 in short-term debt (notes payable), what is the firm’s net working capital?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...