Grey Wolf, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt of $4,120. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Shareholders' equity a. b. Net working capital

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
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1. Answer both a and b
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Grey Wolf, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities
of $1,420, and long-term debt of $4,120.
a. What is the value of the shareholders' equity account for this firm? (Do not round
intermediate calculations and round your answer to the nearest whole number,
e.g., 32.)
b. How much is the company's net working capital? (Do not round intermediate
calculations and round your answer to the nearest whole number, e.g., 32.)
a.
Shareholders' equity
b.
Net working capital
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Transcribed Image Text:120 6 Question 1- HW2 - Cnnect X Channel content - YouTube Stud X meducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl%=https%253A%252F%252 Saved Grey Wolf, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt of $4,120. a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Shareholders' equity b. Net working capital Prev 1 of 7 Next > search 64°
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