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16 October, 02:52

Grey Wolf, Inc has current assets of $2,090 net fixed assets of $9,830 current liabilities of $1710 and long-termdebt of $4520. What is the value of the shareholders' equity account for this firm? how much is net working capital?

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  1. 16 October, 03:29
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    (a) $5,690

    (b) $380

    Explanation:

    Given that,

    current assets = $2,090

    Net fixed assets = $9,830

    Current liabilities = $1710

    Long-term debt = $4520

    Total assets:

    = Current assets + Net fixed assets

    = $2,090 + $9,830

    = $11,920

    Total Liabilities:

    = Current Liabilities + Long-term Debt

    = $1710 + $4520

    = $6,230

    (a) Total assets = Total liabilities + Stockholder's equity

    $11,920 = $6,230 + Stockholder's equity

    $11,920 - $6,230 = Stockholder's equity

    $5,690 = Stockholder's equity

    (b) Net working capital:

    = Current assets - Current liabilities

    = $2,090 - $1,710

    = $380
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