Question
(Working with the balancesheet) The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for
(Working with the balancesheet)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 000
$50,000, net fixed assets of $ 250 comma 000
$250,000, current liabilities of $ 30 comma 000
$30,000, andlong-term debt of $ 100 comma 000
$100,000.
a.CalculateCaraway's stockholders' equity.
b. What is thefirm's net workingcapital?
c.IfCaraway's current liabilities consist of $ 20 comma 000
$20,000 in accounts payable and $ 10 comma 000
$10,000 inshort-term debt(notes payable), what is thefirm's net workingcapital?
a.CalculateCaraway's stockholders' equity.
Caraway's stockholders' equity is $
nothing
.
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