Answer:
$16,750
Explanation:
Using the accounting equation
Assets - liabilities = Equity
Total assets = $5,200 + $25,200
= $30,400
Total liabilities = $4,250 + $9,400
= $13,650
Shareholders' equity = $30,400 - $13,650
= $16,750
Answer:
$
Net fixed assets 25,200
Current assets 5,200
Total assets 30,400
Current liabilities (4,250)
Long-term debt (9,400)
Net assets 16,750
The value of shareholders' equity is $16,750, which corresponds to the net assets of the firm.
Explanation:
The value of shareholders' equity equals total assets minus total liabilities. The total assets amounted to $30,400 while the total liabilities are $13,650. The difference between total assets and total liabilities gives the net assets, which equals shareholders' equity.
