Question
Peeples, Inc., has a book value of equity of $14,550. Long-term debt is $8,450. Net working capital, other than cash, is $2,240. Fixed assets are
Peeples, Inc., has a book value of equity of $14,550. Long-term debt is $8,450. Net working capital, other than cash, is $2,240. Fixed assets are $20,150 and current liabilities are $1,820.
a.How much cash does the company have?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
b.What is the value of the current assets?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
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