ANC Plastics Has Net Working Capital of $15,400,current Assets of $39,200,equity

question 32

Multiple Choice

ANC Plastics has net working capital of $15,400,current assets of $39,200,equity of $46,600,and long-term debt of $22,100.What is the amount of the net fixed assets?

• A)$50,800
• B)$56,900
• C)$45,500
• D)$48,100
• E)$53,300

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Definitions:

Cash Collection

The process of receiving and processing payments from customers, including cash, checks, and credit card payments.

Expense Accounts

Financial accounts used to track money spent or costs incurred in a company's operations.

Credits

Entries in accounting that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts.

Withdrawals

Money or assets taken out of a business by its owner(s) for personal use.