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Strike441 [17]
3 years ago
7

1.26 - 0.06 (2 marks)​

Mathematics
1 answer:
Juliette [100K]3 years ago
4 0

Answer:

1.2

Step-by-step explanation:

So in the picture, there is the working out I did (sorry for the bad writing). When you work out the question, remember to match the decimal points (I've done this in the pic). The answer I got was 1.20 but that is the same as 1.2.

hope this helps :)

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Sunset, inc., has a book value of equity of $14,865. long-term debt is $8,675. net working capital, other than cash, is $2,315.
juin [17]
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
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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
 
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3 years ago
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Answer:

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