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The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor.

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The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor. At the end of the most recent year the firm had current assets of $50,000, net fixed assets of $250,000, current liabilities of $30,000, and long-term debt of $100,000. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the green cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. Given Data: Current Assets Net Fixed Assets Long-term debt Current Liabilities $50,000.00 $250,000.00 $100,000.00 $30,000.00 a. Calculate Caraway's stockholders' equity. Stockholders' Equity b. What is the firm's net working capital? Net Working Capital c. If Caraway's current liabilities consist of $20,000 in accounts payable and $10,000 in short-term debt (notes payable), what is the firm's net working capital? Given Data: Accounts Payable $20,000.00 Short Term Debt $10,000.00 Net Working Capital Requirements 1 Start Excel. 2 In cell D13, by using cell references, calculate the stockholders' equity. (1 pt.) 3 In cell D17, by using cell references, calculate the net working capital. (1 pt.) 4 In cell D24, by using cell references, calculate the net working capital. (1 pt.) 5 Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed.

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