Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance (https://www.askmehelpdesk.com/forumdisplay.php?f=125)
-   -   Puzzled on Getting current assets (https://www.askmehelpdesk.com/showthread.php?t=27813)

  • Jun 15, 2006, 10:41 AM
    great
    Puzzled on Getting current assets
    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?
  • Jun 15, 2006, 08:53 PM
    CaptainForest
    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
  • Jun 16, 2006, 07:34 AM
    great
    Thanks Captain! That's what I got, but wanted to be sure.

    Great

  • All times are GMT -7. The time now is 11:07 AM.