Question: Problem 2-1 Building a Balance Sheet [LO1] Wims, Inc., has current assets of $6,400, net fixed assets of $25,000, current liabilities of $6,100, and long-term
Problem 2-1 Building a Balance Sheet [LO1]
| Wims, Inc., has current assets of $6,400, net fixed assets of $25,000, current liabilities of $6,100, and long-term debt of $14,600. |
| a. | What is the value of the shareholders equity account for this firm? (Do not round intermediate calculations.) |
| b. | How much is net working capital? (Do not round intermediate calculations.) |
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