Marthas enterprises spent 4100 to purchase equipment three, Finance Basics

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Marthas enterprises spent 4100 to purchase equipment three

Question: Martha's Enterprises spent $4,100 to purchase equipment three years ago. This equipment is currently valued at $2,700 on today's balance sheet but could actually be sold for $3,200. Net working capital is $400 and long-term debt is $2,300. Assuming the equipment is the firm's only fixed asset, what is the book value of shareholders' equity?

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Finance Basics: Marthas enterprises spent 4100 to purchase equipment three

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