Final answer:
To calculate the values, add Current Assets and Net Fixed Assets for Total Assets. Subtract Long-Term Debt and Net Working Capital from Total Assets to obtain Owners' Equity.
Step-by-step explanation:
To calculate the values, we need to understand the meaning of the abbreviations used:
- CA = Current Assets = $600
- GFA = Gross Fixed Assets = $2,100
- NFA = Net Fixed Assets = $1,900
- NWC = Net Working Capital = $200
- L.T. Debt = Long-Term Debt = $1,000
(a) Total Assets (TA) can be calculated by adding Current Assets (CA) and Net Fixed Assets (NFA). In this case, it would be $600 + $1,900 = $2,500.
(b) Accumulated Depreciation (AD) is not given in the question, so we cannot calculate it.
(c) Current Liabilities (CL) is also not given. We cannot determine the value without additional information.
(d) Owners' Equity can be calculated by subtracting Long-Term Debt (L.T. Debt) and Net Working Capital (NWC) from Total Assets (TA). In this case, it would be $2,500 - $1,000 - $200 = $1,300.