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March 27, 2015

Homework Help: Finanace HELP!

Posted by Bree on Thursday, December 19, 2013 at 9:20am.

Below is what I have available to solve current assets. I would like to solve how much cash is available to the company as well.

How much cash does the company have? If the current liabilities are $2,575, what are the current assets?
Net worth $17800
Long-term debt $6900
Net working capital $1600
Fixed Assets $21300
Current liabilities $2575


When calculating cash...use net worth, long-term debt, net working capital (excluding cash) and fixed assets.

Thanks!

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