Ross,Corporate Finance test bank solution
SOLUTIONS TO TEST BANK PROBLEMS Chapter 2 52. Current assets = $300 + $200 + $50 = $550 53. Current assets = $950 - $400 = $550; Current liabilities = $550 - $350 = $200; Total liabilities = $200 + $600 = $800 54. Shareholders? equity = $400 + $600 - $400 = $600 (Note: The amount of retained earnings is not provided, so you must use total assets minus total liabilities to derive the correct answer.) 55. Net working capital = $900 - $600 - $200 = $100 56. Current liabilities = .75 ( $400 = $300; Total assets = $500 + $400 = $900; Current assets = $900 - $600 = $300; Net working capital = $300 - $300 = $0 57. Liquid assets = $400 + $50 + $300 = $750 58. Book value of shareholders? equity = $1,800 + $200 - $800 = $1,200