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?
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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?
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
Thanks Captain! That's what I got, but wanted to be sure.
Great
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