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Category > Business & Finance Posted 31 May 2017 My Price 11.00

Problem 16-2 Cash Equation [LO 3]

Problem 16-2 Cash Equation [LO 3]

Kings of Leon, Inc., has a book value of equity of $68,000. Long-term debt is $61,000. Net working capital, other than cash, is $23,000. Fixed assets are $92,800 and current liabilities are $8,000.

 

Requirement 1:
How much cash does the company have? (Do not include the dollar sign ($).)

 

Cash $

 

Requirement 2:
What is the value of the current assets? (Do not include the dollar sign ($).)

 

Current assets $

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Status NEW Posted 31 May 2017 04:05 AM My Price 11.00

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