Bing, Inc., has current assets of $5,400, net fixed assets of $28,100, current liabilities of $4,100, and
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Bing, Inc., has current assets of $5,400, net fixed assets of $28,100, current liabilities of $4,100, and long-term debt of $10,600. What is the value of the shareholders’ equity account for this firm? How much is net working capital?
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To find owners equity we must construct a balance sheet as follows We know that total liabili...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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