A firm with $180 in assets is obligated to pay its creditors $220. Find the firm's equity. A firm purchased fixed assets 3 years ago for $4,000. The fixed assets can be sold today for $3,000. The balance sheet shows fixed assets of $850, no long-term debt, current liabilities of $750, and net working capital of $600. If all the current accounts were liquidated today, the firm would receive $1,250. Find the book value of the firm's assets. Find the market value of the firm's equity