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Fred Corporation reports the following numbers: Operating assets $600,000 Financial assets $500,000 Total assets $1,100,000 Operating current liabilities $100,000 Financial liabilities $700,000 Stockholders equity $300,000

Fred Corporation reports the following numbers:

Operating assets $600,000

Financial assets $500,000

Total assets $1,100,000

Operating current liabilities $100,000

Financial liabilities $700,000

Stockholders equity $300,000

Total liabilities and equity $1,100,000

  1. At what number does the balance sheet balance? Or put another way what is the new asset number and the new liabilities and equity number? I know this :

    Net Operating Assets =Net Financial Liability + Equity

    $500,000 = $200,000 + $300,000

HOW DO I GET THE $200,000? where does that come from? and the $500,000? Please explain

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