Pizzeria Duo has current assets of $6943, fixed assets of $24847, current liabilities of $6279, and...
Pizzeria Duo has current assets of $6943, fixed assets of
$24847, current liabilities of $6279, and long-term debt of $8555.
What is the value of Pizzeria Duo's Owners Equity? (Round to
nearest penny and do not enter commas, e.g. 1234.56)
Homework Answers
Total assets=current assets+Fixed assets
=6943+24847=31790
Total liabilities=current liabilities+long term debt
=(6279+8555)=14834
Total assets=Total liabilities+Total equity
Total equity=31790-14834
=$16956
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