You find the following financial information about a company: net working capital = $735; fixed assets = $5,385; total assets = $8,190; and long-term debt = $4,281. What are the company's total liabilities?
Accepted Solution
A:
Answer:Company's total liabilities are $6,351.Step-by-step explanation:A company's financial information is given, we have to calculate the company's total liabilities.Total assets = Fixed assets + current assetsCurrent assets = Total assets - Fixed assets = $8,190 - $5,385 = $2,805Networking capital = Current assets - Current liabilities $735 = $2,805 - current liabilities Current liabilities = $2,805 - $735 Current liabilities = $2,070Total liabilities = Long term debt + current liabilities = $4,281 + $2,070 = $6,351Company's total liabilities are $6,351.