Asked by Anonymous
Sunset, Inc., has a book value of equity of $14,340. Long-term debt is $8,300. Net working capital, other than cash, is $2,190. Fixed assets are $19,810 and current liabilities are $1,790.
a. How much cash does the company have?
b. What is the value of the current assets?
No matter how I manipulate the Balance Sheet Identity, I can't figure out how to get the cash and current assets, since they are part of the same equation and keep canceling each other out. Help!
a. How much cash does the company have?
b. What is the value of the current assets?
No matter how I manipulate the Balance Sheet Identity, I can't figure out how to get the cash and current assets, since they are part of the same equation and keep canceling each other out. Help!
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