The value of the current assets for this firm is $5800.
<h3>What are current assets?</h3>
Current assets are described as the assets that are held by an organization or a company and that asset can be sold or can be converted into liquid funds. It is important to mention that current assets form a major part of the balance sheet of a company, and such an asset can be exhausted by a company through normal business operations.
Given that,
Fixed assets = $27,500
Current assets = let it be X
Current liabilities = $4200
long term debts = $11,000
Shareholder's equity = $18,100
Total liabilities = 4200 + 11,000 = $15,200
According to the formula,
Total assets = shareholder's equity + total liabilities
Fixed assets + current assets = shareholder's equity + total liabilities
27,500 + X = 18,100 + 15,200
27,500 + X = 33,300
X = 33,300 - 27,500
X = $5800
It can be concluded that the value of the current assets for this firm is $5800.
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