Problem:
Saunders Corp. has a book net worth of $13,380. Long-term debt is $8,550. Net working capital, other than cash, is $3,235. Fixed assets are $17,730 and current liabilities are $1,770.
Required:
Question 1: How much cash does the company have?
Question 2: What is the value of the current assets?
Note: Please explain comprehensively and give step by step solution.