computation of cash and current assets
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Cash Equation. A Company has a book net worth of $38,000. Long-term
debt is $6,500. Net working capital, other than cash, is $4,300. Fixed assets are
$32,500. How much cash does the company have? If current liabilities are $7,200,
what are current assets?
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Solution Summary
The answer contains the computation of cash and current assets when net worth,long term debt,working capital and fixed assets are given
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cash=net worth+long term debt-fixed assets-net working capital
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