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If total assets = $525, fixed assets = $375, current liabilities = $115, equity = $265, long-term debt = $145, and current assets is the only remaining item on the statement of financial position, what is the value of net working capital?
If total assets = $525, fixed assets = $375, current liabilities = $115, equity = $265, long-term debt = $145, and current assets is the only remaining item on the statement of financial position, what is the value of net working capital?
Expert Solution
Current Assets= Total assets-Fixed assets
= $525- $375
= $150
Current liabilities= $115
Working Capital= Current Assets-Current liabilities
Net working Capital= $150- $115
= $35
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