Problem:
Penguin Pucks, Inc., has current assets of $3,400, net fixed assets of $20,500, current liabilities of $2,900, and long-term debt of $7,000.
Required:
Question 1: What is the value of the shareholders' equity account for this firm?
Question 2: How much is net working capital?
Note: Please explain comprehensively and give step by step solution.