Question

Jackson automotive has net working capital of $22,600, current assets of $56,500, equity of $62,700, and long-term debt of $31,900. what is the amount of the net fixed assets?

Answer 1

Jackson automotive has net working capital of $22,600, current assets of $56,500, equity of $62,700, and long-term debt of $31,900. the amount of the net fixed assets is $72,000

Net fixed assets = $31,900 + 62,700 − 22,600 = $72,000

What is net fixed assets?

A measure called net fixed assets assesses the fixed assets' net value. It is determined by adding the purchase prices of all fixed assets and any subsequent upgrades. Next, take away any accumulated depreciation from the amount.

Therefore,

the amount of the net fixed assets is $72,000

Net fixed assets = $31,900 + 62,700 − 22,600 = $72,000

To learn more about net fixed income from the given link:

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