I need help double checking my homework please help if you can. This is all one

Question

I need help double checking my homework please help if you can. This is all one problem, there are multiple parts to the problem but this is one problem please help if you can.

A firm has $680 in inventory, $2,320 in fixed assets, $280 in accounts receivables, $490 in accounts payable, and $130 in cash. What is the amount of the current assets?

A firm has net working capital of $820. Long-term debt is $3,260, total assets are $5,920 and fixed assets are $3,410. What is the amount of the total liabilities?

Your firm has total assets of $1,400, fixed assets of $600, long-term debt of $700, and short-term debt of $100. What is the amount of net working capital?

The Corner Store paid $1,100 in dividends and $850 in interest this past year. Common stock increased by $500 and retained earnings decreased by $260. What is the net income for the year?

Amy's Dress Shoppe has sales of $421,000 with costs of $342,000. Interest expense is $18,000 and depreciation is $33,000. The tax rate is 34 percent. What is the net income?

At the beginning of the year, a firm has current assets of $91,807 and current liabilities of $102,343. At the end of the year, the current assets are $89,476 and the current liabilities are $92,638. What is the change in net working capital?

Explanation / Answer

Current assets = 130+680+280=1,090 Working capital is total assets -total liabilities 5920-x=820 x= 5,100 Working capital 1,400-100= 1,300 Net income = dividends -decrease in retained earnings 1100-260=840 Net income= 421-342-18-33= 28*(1-.34)= 18.48 Working capital is current assets -current liabilities, so Beginning 91,807-102,343= (10,536) Ending 89,476-92,638= (3,162) So there was an increase of 7374

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