6. Kroeger Exporters has total assets of $74,300, net working capital of $22,900, owners' equity of $38,600, and long-term debt of $23,900. What is the value of the current assets

Current assets = $34,700.

Explanation:

We know,

Total assets = Current assets + Non current assets (property, plan and equipment).

Again, total assets = Liabilities + Owners equity

Again,

Liabilities = Current liabilities + Long term liabilities.

Finally, net working capital = Current assets - Current liabilities

Given,

Total assets = $74,300

net working capital = $22,900

owners' equity = $38,600

long-term debt = $23,900

Putting the values into the formulas,

Total assets = Liabilities + Owners equity

or, $74,300 = Liabilities + $38,600

or, Liabilities = $74,300 - $38,600

Liabilities = $35,700.

Again,

Liabilities = Current liabilities + Long term liabilities.

or, $35,700 = Current liabilities + $23,900

or, Current liabilities = $35,700 - $23,900

Current liabilities = $11,800.

Therefore, Net working capital = Current assets - Current liabilities

or, $22,900 = Current assets - $11,800

or, Current assets = $22,900 + $11,800

Current assets = $34,700.