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Problem:

Penguin Pucks, Inc., has current assets of $3,400, net fixed assets of $20,500, current liabilities of $2,900, and long-term debt of $7,000.

Required:

Question 1: What is the value of the shareholders' equity account for this firm?

Question 2: How much is net working capital?

Note: Please explain comprehensively and give step by step solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91162485

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