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8 May, 20:52

Bear Tracks, Inc., has current assets of $2,350, net fixed assets of $11,100, current liabilities of $1,440, and long-term debt of $4,160. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.) Shareholders' equity $ How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.) Net working capital $

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  1. 8 May, 22:38
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    Owners Equity is $7,850

    Net Working Capital is $910

    Explanation:

    Total Assets = Total Liabilities + Owners Equity

    ($2,350 + $11,100) = ($1,440 + $4,160) + Owners Equity

    ($13,450) = ($5,600) + Owners Equity

    $13,450 - $5,600 = Owners Equity

    $7,850 = Owners Equity

    Net working capital is calculated as current assets - current liabilities

    $2,350 - $1,440 = $910.
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