Problem:
Saunders Corp. has a book net worth of $13,730. Long-term debt is $9,250. Net working capital, other than cash, is $3,745. Fixed assets are $18,430 and current liabilities are $2,050.
Required:
Question 1: How much cash does the company have?
Question 2: What is the value of current assets?
Note: Show supporting computations in good form.