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Scare Train, Inc. has the following balance sheet statement items: current liabilities of $847,569; net fixed...

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Finance

Scare Train, Inc. has the following balance sheet statementitems: current liabilities of $847,569; net fixed and other assetsof $1,542,574; total assets of $3,360,467; and long-term debt of$704,043. What is the amount of the firm’s net working capital?

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3.8 Ratings (684 Votes)

Current Asset= Total asset – Net fixed and other assets

                           = $3,360,467 - $1,542,574

                           = $1,817,893

Net working capital= Current assets – Current Liabilities

                                      = $1,817,893 - $847,569

                                      = $970,324.

In case of any query, kindly comment on the solution.
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Transcribed Image Text

Scare Train, Inc. has the following balance sheet statementitems: current liabilities of $847,569; net fixed and other assetsof $1,542,574; total assets of $3,360,467; and long-term debt of$704,043. What is the amount of the firm’s net working capital?

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