Question
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 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 $ 48,300 ,net fixed assets of $248,000,current liabilities of $ 30,500 ,andlong-term debt of $100,600.
a.CalculateCaraway's stockholders' equity.
b. What is thefirm's net workingcapital?
c.IfCaraway's current liabilities consist of 19,200 in accounts payable and $11,300i nshort-term debt(notes payable), what is thefirm's net workingcapital?
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