A firm has net working capital of $8,100 and current assets of $14,600. Total assets equal $32,900. What is the book value of the firm if long term debt is $7,500? 1. $2,700 2. $10,800 3. $17,300 4. $18,900 5. $22,500
Added by Angela W.
Step 1
We can do this by subtracting net working capital from current assets: Current liabilities = Current assets - Net working capital Current liabilities = $14,600 - $8,100 Current liabilities = $6,500 Show more…
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