Problemsunset inc has a book value of equity of 14235, Ask an Expert

Accounting

Problem:

Sunset, Inc., has a book value of equity of $14,235. Long-term debt is $8,225. Net working capital, other than cash, is $2,165. Fixed assets are $19,640 and current liabilities are $1,775.

Requirement

Question 1: How much cash does the company have?

Question 2: What is the value of the current assets?

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167318

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