Solving this out you would do 8 divides by 2 and it would give you 4
Answer: 1/16
Step-by-step explanation:
1/2 - 1/16 = 8/16 - 1/16 = 7/16
7/16 / 7 = 1/16
Answer is 42, hope this helps
Balance sheet equation states that:
Assets, A = Liabilities, L + Equity, E => A=L+E
In the current case,
L = Long term debt + Current liabilities = $8,675+$1,865 = $10,540
E = $14,865
Therefore,
A = 14,865 +10,540 = $25,405
Now,
Current assets (excluding cash) = current liabilities+Net working capital, other than cash = $1,865+$2,315 = $4,180
Additionally,
A = Fixed assets+Current assets (excluding cash) + Cash
Therefore,
Cash = 25,405-20,660-4,180 = $565
