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What is the amount of the total liabilities

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Question 1 - Benard Auto Repair has shareholders' equity of $121,400. The firm owes a totalof $132,000 of which 40% is payable within the next year. The firm has net fixed assets of $151,620. What is the amount of the net working capital?

Question 2 - A firm has net working capital of $540. Long term debt is $3,410, total assets are $5,340 and fixed assets are $3,720. What is the amount of the total liabilities?

Reference no: EM132485249

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