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 $ 50 comma 100, net fixed assets of $ 251 comma 000, current liabilities of $ 28 comma 900, and long-term debt of $ 100 comma 100.
a. Calculate Caraway's stockholders' equity.
b. What is the firm's net working capital?
c. If Caraway's current liabilities consist of $ 18 comma 100 in accounts payable and $ 10 comma 800 in short-term debt (notes payable), what is the firm's net working capital?
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