Log in

View Full Version : Puzzled on Getting current assets


great
Jun 15, 2006, 10:41 AM
Problem:

Total assets = 11,700
Net working capital = 1400
Owners Equity = 5000
Long Term Debt = 3500

How do I get Current Assets out of the above?

CaptainForest
Jun 15, 2006, 08:53 PM
Total Assets = Current Liabilities + Long term Liabilities + Owner's Equity
11,700 = Current Liabilities + 3,500 + 5,000
Current Liabilities = 3,200

net working capital = Current Assets - Current Liabilities
1,400 = Current Assets - 3,200
Current Assets = 4,600

great
Jun 16, 2006, 07:34 AM
Thanks Captain! That's what I got, but wanted to be sure.

Great