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LO 1 1. Building a Balance Sheet Bear Tracks, Inc., has current assets of $2,030, net fixed assets of $9,780, current liabilities of $1,640, and

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LO 1 1. Building a Balance Sheet Bear Tracks, Inc., has current assets of $2,030, net fixed assets of $9,780, current liabilities of $1,640, and long-term debt of $4,490. What is the value of the shareholders' equity account for this firm? How much is net working capital? Do Problems from the End of Chapter 2, PAGE 43: (Note that these are from "Questions and Problems on the bottom of the page, and not the "Critical Thinking and Concepts Review" on the top of the page! . Problem 2.1. Prepare an Abbreviated Balance Sheet for Bear Tracks, Inc., Inc. and SHOW HOW you arrive at the answers which are, after all, in the back of the book (Appendix C)

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