What is the value of the shareholders equity account

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1. At year-end 2016, XYZ's statement of financial position showed current assets = $700, fixed assets = $1,500, intangible assets = $200, current liabilities = $750, and long-term liabilities = $1,400. What is the value of the shareholders' equity account?

a. $650

b. $250

c. $1,100

d. $400

e. $500

2. If total assets = $650, fixed assets = $285, current liabilities = $160, equity = $265, long-term debt = $225, and current assets is the only remaining item on the statement of financial position, what is the value of net working capital?

a. $115

b. $15

c. $35

d. $65

e. $205

Reference no: EM132071694

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