Answer:
The shareholders’ equity account for this firm is $6,900.
The company's net working capital is $860
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. the equation is given as
Assets = Liabilities + Equity
where assets and liabilities are the totals of the current and non current.
Working capital is the difference between a company's current asset and its current liabilities.
Given,
current assets = $2,250,
net fixed assets = $10,100,
current liabilities = $1,390, and
long-term debt = $4,060
The shareholders’ equity account for this firm
= $2,250 + $10,100 - $1,390 - $4,060
= $6,900
The company's net working capital
= $2,250 - $1,390
= $860
