Homework Answers
The answer for the above question is 3857
given
Total asset = $11622
Fixed asset=$7169
net working capital =$ 1017
Long term debt =$ 4329
to calculate
Company's total Equity
Company's total Equity = Total Asset- long term debt- current liabilities
= $11622- $4329- $3436
=$3857
calculation of current liabilities
for this we need to find out the current asset using the formula given below
total aset = current asset + fixed asset
therefor current asset= total asset- fixed asset
= $11622-$7169
=$4453
using the following formula given below we will calculate current liabilities
net working capital = current asset- current liability
so, current liability = current asset - net working capital
= $4453- $1017
= $3436
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