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A firm has net working capital of $3,000, long-term debt of $9,500, total asset of $19,000, and fixed assets of $12,500. If the firm currently
A firm has net working capital of $3,000, long-term debt of $9,500, total asset of $19,000, and fixed assets of $12,500. If the firm currently has $3,000 in retained earnings and $500 in Common Stock (Par Value), what is the amount of the firm's capital surplus/additional paid-in capital?
HINT: Try thinking about what are the three components of shareholders' equity.
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