1. Building a balance sheet

A firm has ($ in millions) current assets of $100, net fixed assets of $500, short-term debt of $70, and log-term debt of $200.

• What does the balance sheet look like? __________________
• What is shareholders equity? __________________
• What is the net working capital? __________________

Assets		Liabilities and Shareholders equity
Total assets		Total liabilities and shareholders equity

What is the firms current liquidity ratio? _______________

What is the firms long-term debt ratio? _______________