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(Solution Document) Highland Inc. has total assets of $16,200, net working capital of $3,900, owner's equity of $8,500, and long-term debt of $6,000. What is the value


  1. Highland Inc. has total assets of $16,200, net working capital of $3,900, owner's equity of $8,500, and long-term debt of $6,000. What is the value of current assets?




2. Anderson Enterprises currently has $400 in cash. The company owes $1,200 to suppliers for merchandise and $4,500 to the bank for a long-term loan. Customers owe Anderson $1,900.  The inventory has a book value of $3,700 and estimated market value of $4,400. If Anderson compiled a financial statement today, how much would it show as the value of current assets?



3. The Bake Shoppe has net working capital of $6,100, long-term debt of $10,400, and total debt of $15,200, and owner equity of $18,900. What is the value of The Bake Shoppe' net fixed assets?



4. Grandel, Inc. has current liabilities of $10,200 and accounts receivable of $14,800. The firm has total assets of $39,700 and net fixed assets of $18,900. The owners' equity has a book value of $16,500. What is the amount of net working capital?



5. Joe's Store has net working capital of $1,800, total assets of $12,600, and net fixed assets of $9,700. What is the value of current liabilities?





 

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