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fin-4001-chapter-2-questions-answers
- Exam (elaborations) • 8 pages • 2024
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Chapter 2 Financial Statements, Taxes, and Cash Flow: Practice Problems 
Practice Problem 1 
Man United Inc., has current assets of $5,300, fixed assets of $24,900, current 
liabilities of $4,600, and long-term debt of $10,300. What is the value of the 
shareholders’ equity account for this Firm? How much is net working capital? 
Current Assets 
Fixed Assets 
Total Assets 
Owner’s Equity = $30,200 - 10,300 - 4,600 = $15,300 
Net Working Capital = Current Assets - Current Liabilities = $5,300...
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