Cori's Corporation, has a book value of equity of $13,710. Long-term debt is $7,850. Net working capital, other than cash, is $2,040. Fixed assets are $18,790 and current liabilities are $1,700.

How much cash does the company have?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

What is the value of the current assets?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

To solve the problem, we can use the following approach:

### 1. **Cash Calculation:**
We know that:
- **Net Working Capital (NWC)**, other than cash, is $2,040.
- **Net Working Capital** (NWC) is calculated as:
  \[
  NWC = \text{Current Assets} - \text{Current Liabilities}
  \]

Therefore:
\[
NWC \text{ (excluding cash)} = (\text{Current Assets} - \text{Cash}) - \text{Current Liabilities}
\]
We are given:
- NWC (other than cash) = $2,040
- Current liabilities = $1,700

Thus, solving for cash:
\[
\text{Current Assets} - \text{Cash} - 1,700 = 2,040
\]
\[
\text{Current Assets} - \text{Cash} = 2,040 + 1,700 = 3,740
\]

Now, from the total assets perspective, the company’s balance sheet must balance:
\[
\text{Total Assets} = \text{Fixed Assets} + \text{Current Assets}
\]
where we know:
- Fixed assets = $18,790

Additionally, **Total Liabilities and Equity** must equal Total Assets:
\[
\text{Total Assets} = \text{Equity} + \text{Long-term Debt} + \text{Current Liabilities}
\]

Substituting the known values:
- Book value of equity = $13,710
- Long-term debt = $7,850
- Current liabilities = $1,700

Therefore:
\[
\text{Total Assets} = 13,710 + 7,850 + 1,700 = 23,260
\]

Now we can calculate **Current Assets**:
\[
\text{Current Assets} = \text{Total Assets} - \text{Fixed Assets}
\]
\[
\text{Current Assets} = 23,260 - 18,790 = 4,470
\]

### 2. **Cash Value Calculation:**
We now know:
\[
\text{Current Assets} - \text{Cash} = 3,740
\]
Substituting:
\[
4,470 - \text{Cash} = 3,740
\]
\[
\text{Cash} = 4,470 - 3,740 = 730
\]

### Final Answers:
1. **Cash = $730**
2. **Current Assets = $4,470**

---

Would you like more details or further explanations?

Here are 5 related questions to explore:
1. How is working capital important in financial analysis?
2. What is the difference between net working capital and gross working capital?
3. How do fixed assets contribute to the overall value of a company?
4. How do current liabilities impact a company's liquidity?
5. What role does cash play in the calculation of net working capital?

**Tip:** Always ensure your balance sheet balances—total assets must equal the sum of total liabilities and equity.

Cori's Corporation, has a book value of equity of $13,710. Long-term debt is $7,850. Net working capital, other than cash, is $2,040. Fixed assets are $18,790 and current liabilities are $1,700.

How much cash does the company have?

What is the value of the current assets?

Learn how to calculate the cash on hand and the value of current assets for Cori's Corporation. Given financial data including equity, long-term debt, fixed assets, and working capital, this solution covers key formulas for financial accounting. Suitable for college-level finance students.

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