Answer:
Asset= $37,313
Explanation:
Fixed assets are the component of a firm's asset that is fixed during the production process. The other component of asset is the current assets, that are convertible to liquid assets that can be used in the production process.
Net working capital= current assets- current liabilities
Current liabilities= Current assets- Net working capital
Current liabilities= 6,650- 2,507= $4,143
Total liabilities= current liabilities+ long term liabilities
Total liabilities= 4,143+ 10,640
Total liabilities= $14,783
According to the accounting formula
Asset= liabilities+ owner's equity
Asset =14,783+ 22,530
Asset= $37,313
