Problem:
Sunset, Inc., has a book value of equity of $14,235. Long-term debt is $8,225. Net working capital, other than cash, is $2,165. Fixed assets are $19,640 and current liabilities are $1,775.
Requirement
Question 1: How much cash does the company have?
Question 2: What is the value of the current assets?
Note: Provide support for rationale.