Spacemax Inc has net fixed assets of $2,340, long-term debt of $1,125, net working capital of...
Spacemax Inc has net fixed assets of $2,340, long-term debt of $1,125, net working capital of $500 and total assets of $3,000. What is the amount of current liabilities?
Homework Answers
Current assets = Total assets - net fixed assets
Current assets = 3,000 - 2,340
Current assets = $660
Net working capital = Current assets - current liabilities
500 = 660 - Current liabilities
Current liabilities = $160
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