Question
The assets of the River & Stone Corp. company include current assets, property, plant and equipment and does not have excess cash (Free Cash). It
The assets of the River & Stone Corp. company include current assets, property, plant and equipment and does not have excess cash (Free Cash). It has assets valued at $ 4 million and its fixed assets are valued at $ 3 million. It reports debts payable of $ 350,000, long-term debts of $ 650,000 and equity of $ 2 million. Your balance sheet reflects that you have accounts payable and accumulated debts. Generally, the company operates on a debt and equity basis.
2. Calculate the balance of current assets and liabilities.
3. Determine the net working capital of the company
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