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Question - At the end of the most recent year the firm had current assets of $49,100, net fixed assets of $250,000, current liabilities of $29,900, and long-term debt of $98,400.
Required -
a. Calculate Caraway's stockholders' equity.
b. What is the firm's net working capital?
c. If Caraway's current liabilities consist of $19,700 in accounts payable and $10,200 in short-term debt (notes payable), what is the firm's net working capital?
The financial statements for Jobe Inc. and Lake Corp., just prior to their combination, for the year ending December 31, 20X2, follow. Lake's buildings were undervalued on its financial records by $60,000.
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