
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Require both answer

Transcribed Image Text:Summit Inc. reports the following:
•
Current Assets = $12,300
•
Net Fixed Assets = $41,000
•
•
Current Liabilities = $9,500
Long-term Debt = $22,800
a) Compute Shareholder Equity
b) Compute Net Working Capital
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