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Week Two Question

label Business
account_circle Unassigned
schedule 0 Hours
account_balance_wallet $5

The caraway company grows tomatoes and sells there seeds. At the end of the most recent year the firm had current assets of $50,00, net fist assets of $250,000 current liabilities of $30,000 and long term debt 0f $100,000. what is stockholders equity

Apr 3rd, 2015

Total assets = 50,000+250,000 = 300,000

Total liabilities = 30,000+100,000=130,000

Stockholders’ equity = 300,000-130,000 = $170,000

If current assets = 5,000 then total assets = 255,000

Then Stockholders’ equity =255,000-130,000 = $125,000


Apr 3rd, 2015

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Apr 3rd, 2015
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