Problemsaunders corp has a book net worth of 13655, Ask an Expert

Accounting

Problem:

Saunders Corp. has a book net worth of $13,655. Long-term debt is $9,100. Net working capital, other than cash, is $3,720. Fixed assets are $18,280 and current liabilities are $1,990.

Requirement:

Question: How much cash does the company have? What is the value of the current assets?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166940

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