Answer:
(a) $5,690
(b) $380
Explanation:
Given that,
current assets = $2,090
Net fixed assets = $9,830
Current liabilities = $1710
Long-term debt = $4520
Total assets:
= Current assets + Net fixed assets
= $2,090 + $9,830
= $11,920
Total Liabilities:
= Current Liabilities + Long-term Debt
= $1710 + $4520
= $6,230
(a) Total assets = Total liabilities + Stockholder's equity
$11,920 = $6,230 + Stockholder's equity
$11,920 - $6,230 = Stockholder's equity
$5,690 = Stockholder's equity
(b) Net working capital:
= Current assets - Current liabilities
= $2,090 - $1,710
= $380