MGMT 5123 Week 1 MyFinanceLab Assignment

P3-11 (working with the balance sheet) The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavour. At the end of the most recent year the firm had current assets of $48,700, net fixed assets of $251,000. Current liabilities of $30,700, and long-term debt of $99,700

  1. Calculate Caraway’s stockholders equity
  2. What is firm’s net working capital?
  3. If Caraway’s current liabilities consist of $19,700 in accounts payable and $11,000 in short term debt (notes payable), what is the firm’s net working capital?

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Course: MGMT 5123 Finance & Accounting for Non Finance Managers
School: Southern Wesleyan University

  • 17/10/2017
  • 10
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