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Saunders Corp. has a book net worth of $7,450. Long-term debt is $1,500. Net working capital, other than cash, is $1,950. Fixed assets are $1,850
Saunders Corp. has a book net worth of $7,450. Long-term debt is $1,500. Net working capital, other than cash, is $1,950. Fixed assets are $1,850 and current liabilities are $1,000. Required: (a) How much cash does the company have? (b) What is the value of the current assets?
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