Question
McConnell Corp. has a book value of equity of $13,280. Long-term debt is $8,350. Net working capital, other than cash, is $3,220. Fixed assets are
McConnell Corp. has a book value of equity of $13,280. Long-term debt is $8,350. Net working capital, other than cash, is $3,220. Fixed assets are $17,530 and current liabilities are $1,690.
| How much cash does the company have? (Do not round intermediate calculations.) |
| Cash | $ |
| What are current assets? (Do not round intermediate calculations.) |
| Current assets | $ |
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Working Papers Volume 1 For Needles/Powers/Crossons Financial And Managerial Accounting 8th
Authors: Belverd E. Needles
8th Edition
0618777237, 978-0618777235
