Wims, Inc., has current assets of $5,760, net fixed assets of $25,500, current liabilities of $5,200, and long-term debt of $12,500. a.What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)b.How much is net working capital? (Do not round intermediate calculations.) Wims, Inc., has current assets of $5,760, net fixed assets of $25,500, current liabilities of$5,200, and long-term debt of $12,500.a. What is the value of the shareholders' equity account for this firm? (Do not roundintermediate calculations.)b. How much is net working capital? (Do not round intermediate calculations.)

Shareholders are the owners of the company, the funds provided by the shareholders to the company is…

Answered: Wims, Inc., has current assets of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter13: Capital Structure Concepts

Section: Chapter Questions

Problem 7P

See similar textbooks

Similar questions

Assume Plainfield Manufacturing has debt of $6,500,000 with a cost of capital of 9.5% and equity of $4,500,000 with a cost of capital of 11.5%. What is Tylers weighted average cost of capital?
You are considering two possible companies for investment purposes. The following data is available for each company. Additional Information: Company A: Bad debt estimation percentage using the income statement method is 6%, and the balance sheet method is 10%. The $230,000 in Other Expenses includes all company expenses except Bad Debt Expense. Company B: Bad debt estimation percentage using the income statement method is 6.5%, and the balance sheet method is 8%. The $140,000 in Other Expenses includes all company expenses except Bad Debt Expense. A. Compute the number of days sales in receivables ratio for each company for 2019 and interpret the results (round answers to nearest whole number). B. If Company A changed from the income statement method to the balance sheet method for recognizing bad debt estimation, how would that change net income in 2019? Explain (show calculations). C. If Company B changed from the balance sheet method to the income statement method for recognizing bad debt estimation, how would that change net income in 2019? Explain (show calculations). D. What benefits do each company gain by changing their method of bad debt estimation? E. Which company would you invest in and why? Provide supporting details.
For Belzcr Corporation, the working capital at the end of the current year is $24,000 more than the working capital at the end of the preceding year, reported as follows:
Bing, Incorporated, has current assets of $7,200, net fixed assets of $25,400, current liabilities of $6,350, and long-term debt of $15,100. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.) b. How much is net working capital? (Do not round intermediate calculations.)
Grey Wolf, Inc., has current assets of $2,090, net fixed assets of $9,830, current liabilities of $1,710, and long-term debt of $4,520. 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 net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Bing, Incorporated, has current assets of $7,200, net fixed assets of $25,400, current liabilities of $6,350, and long-term debt of $15,100. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
Wims, Inc., has current assets of $5844, net fixed assets of $23873, current liabilities of $2363, and long-term debt of $11,000. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
grey wolf, inc., has a current assest of $2,090, net fixed assests of $9,830, current liabilities of $1,710, and long term debt of $4,520. what is the value of the shareholders equity for the firm and how much is net working capital
Bear Tracks, Inc., has current assets of $6,320, net fixed assets of $12,750, current liabilities of $1,425, and long-term debt of $7,130. 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.)
Poseidon, Inc., has current assets of $2,820, net fixed assets of $13,750, current liabilities of $4,525, and long-term debt of $5,130. 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.)
Arredondo, Inc., has current assets of $1,349, net fixed assets of $14,811, current liabilities of $355, and long-term debt of $2,610. What is the value of the shareholders’ equity account for this firm? (Hint: Build the Balance Sheet)
Scare Train, Inc. has the following balance sheet statement items: current liabilities of $779,470; net fixed and other assets of $1,329,896; total assets of $3,237,746; and long-term debt of $621,991. What is the amount of the firm's net working capital?

SEE MORE QUESTIONS

Recommended textbooks for you

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

a.	What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
b.	How much is net working capital? (Do not round intermediate calculations.)