High School

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Muro Press has a net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. What are the total assets of Muro Press?

1) $26,122
2) $28,122
3) $30,122
4) $34,122

Answer :

Final answer:

To determine the total assets of Muro Press, add the net working capital to the current liabilities to find the current assets, and then add this to the net fixed assets. The calculated total assets are $29,030, which does not match any of the provided answer options.

Explanation:

To calculate the total assets of Muro Press, you can use the equation for net working capital, which is current assets minus current liabilities. In this case, we have been given the net working capital and the current liabilities, so we can find the current assets by adding the net working capital to the current liabilities. Once we have the current assets, we can add them to the net fixed assets to find the total assets.

Here's the calculation:

  • Net Working Capital = $2,715
  • Current Liabilities = $3,908
  • Net Fixed Assets = $22,407

Current Assets = Net Working Capital + Current Liabilities

Current Assets = $2,715 + $3,908 = $6,623

Finally:

Total Assets = Current Assets + Net Fixed Assets

Total Assets = $6,623 + $22,407 = $29,030

However, none of the provided options ($26,122, $28,122, $30,122, $34,122) exactly match the calculated total assets of $29,030. Therefore, it seems there might be an error either in the question or the answer choices provided.

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