HomeworkLib
Question

unit 6 question 2

Rocco Corp. has a book net worth of $10,380. Long-term debt of $7,500. Net working capital, other than cash, is $2,105. Fixed assets are $15,190. How much cash doesthe company have? If current liabilities are $1,450, what are current assets?
business   finance   
0 4
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
If current liabilities are $1,450.The working capital is $2,105.Working capital is= Current assets - Current liabilities$2,105=Current assets- $1,450.Current assets= $2,105 + $1,450=$3,555.Cash balance does the company have is = Current assets - Net working capital.(Because the net working capital is other than the cash therefore by deducting from curret assets we can get the cash balance).=$3,555 - $2,105=$1,450.
answered by: Camile
2 7
Add a comment
Know the answer?
Add Answer to:
unit 6 question 2
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Saunders Corp. has a book net worth of $7,450. Long-term debt is $1,500. Net working capital,...

    Saunders Corp. has a book net worth of $7,450. Long-term debt is $1,500. Net working capital, other than cash, is $1,950. Fixed assets are $1,850 and current liabilities are $1,000. Required: (a) How much cash does the company have? (b) What is the value of the current assets?

  • McConnell Corp. has a book net worth of $13,211. Long-term debt is $2,573. Net working capital,...

    McConnell Corp. has a book net worth of $13,211. Long-term debt is $2,573. Net working capital, other than cash, is $3,462. Fixed assets are $2,705 and current liabilities are $1,118. How much cash does the firm have?

  • Peeps inc has a book value of equity of $13080. Long term debt is $7400. Net...

    Peeps inc has a book value of equity of $13080. Long term debt is $7400. Net working capital, other than cash is $1890. Fixed assets are $17770 and current liabilities are $1610. How much cash does the company have? What is the value of the current liabilities?

  • Blitz Corp. has a book value of equity of $13,480. Long-term debt is $8,750. Net working...

    Blitz Corp. has a book value of equity of $13,480. Long-term debt is $8,750. Net working capital, other than cash, is $3,605. Fixed assets are $17,930 and current liabilities are $1,850. How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What are current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash Current assets

  • Blitz Corp. has a book value of equity of $13,380. Long-term debt is $8,550. Net working...

    Blitz Corp. has a book value of equity of $13,380. Long-term debt is $8,550. Net working capital, other than cash, is $3,235. Fixed assets are $17,730 and current liabilities are $1,770. How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What are current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

  • cash equation: Sam's Corporation has equity value of $14,480. the long term debt is 9,970. net...

    cash equation: Sam's Corporation has equity value of $14,480. the long term debt is 9,970. net working capital other then cash is 3,340. fixed assets are 12,840. A. how much cash does the company have? if current Liabilities are 4,980. B. what is the total current assets?

  • 6. Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . ....

    6. Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Accounts payable . . . . . . . . . . . . . . . . . . . . . 41 Accounts receivable . . . . . . . . . . . . . ....

  • ANSWER MUST BE IN EXCEL FORMULA FORMAT KCCO, Inc., has current assets of $5,300, net fixed...

    ANSWER MUST BE IN EXCEL FORMULA FORMAT KCCO, Inc., has current assets of $5,300, net fixed assets of $24.900. current liabilities of $4,600. and long-term debt of $10,300. What is the value of the shareholders' equity account for this firm? How much is net working capital? $ Current assets Net fixed assets 5,300 24,900 Current liabilities Long-term debt 4,600 10,300 omandate the followinnalais Donatbard and value in our onlaulation Complete the following analysis. Do not hard code values in your...

  • Central Corp.'s CFO has decided to take a closer look at the firm's short-term assets and...

    Central Corp.'s CFO has decided to take a closer look at the firm's short-term assets and liabilities. Central Corp.'s balance sheet follows Balance Sheet Cash Accounts receivable Inventory Total current assetS $200,000 $110,000 $170,000 $480,000 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total common equity Total liabilities and equity $170,000 $55,000 $135,000 $360,000 $350,000 $190,000 $900,000 Net plant and equipment $420,000 $900,000 Total assets The value of Central Corp.'s working capital is , while its net working...

  • Using the attached information to develop and complete a Sources and Uses of Net Working Capital...

    Using the attached information to develop and complete a Sources and Uses of Net Working Capital Statement below. The Change in the Net Working Capital Year Current Assets - Current Liabilities - Net Working Capital 2016 2017 Change in Net Working Capital The Sources and Uses of Net Working Capital Sources of NWC Uses of NWC Profits (Retained Earnings) S Payment of dividends Sales of fixed assets Purchase of fixed assets Sales of investments Purchase of investments Long-term loans taken...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT