Cori's Corporation has a book value of equity of $13,380. Long-term debt is $8,550. Net working capital, other than cash, is $3,235. Fixed assets are $17,730 and current liabilities are $1,770. a. How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What are current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Cash b. Current assets

Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
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Cori's Corporation has a book value of equity of $13,380. Long-term debt is $8,550. Net
working capital, other than cash, is $3,235. Fixed assets are $17,730 and current
liabilities are $1,770.
a. How much cash does the company have? (Do not round intermediate calculations
and round your answer to the nearest whole number, e.g., 32.)
b. What are current assets? (Do not round intermediate calculations and round your
answer to the nearest whole number, e.g., 32.)
a. Cash
b. Current assets
Transcribed Image Text:Cori's Corporation has a book value of equity of $13,380. Long-term debt is $8,550. Net working capital, other than cash, is $3,235. Fixed assets are $17,730 and current liabilities are $1,770. a. How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What are current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Cash b. Current assets
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