A company has net working capital of $856. Long-term debt is $4,429, total assets are $6,669,...
A company has net working capital of $856. Long-term debt is $4,429, total assets are $6,669, and fixed assets are $4,299. What is the amount of total liabilities?
A) $5,285
B) $7,525
C) $5,813
D) $5,943
E) $8,728
Homework Answers
Answer is $5,943
Total assets = Current assets + Fixed assets
$6,669 = Current assets + $4,299
Current assets = $2,370
Net working capital = Current assets - Current liabilities
$856 = $2,370 - Current liabilities
Current liabilities = $1,514
Total liabilities = Current liabilities + Long-term debt
Total liabilities = $1,514 + $4,429
Total liabilities = $5,943
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