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Explanation:
To calculate the value of the shareholders' equity account for Penguin Pucks, Inc., we use the formula:
\[ \text{Shareholders' Equity} = \text{Total Assets} - \text{Total Liabilities} \]
First, let's find the total assets:
\[ \text{Total Assets} = \text{Current Assets} + \text{Net Fixed Assets} \]
\[ \text{Total Assets} = \$3,000 + \$6,000 = \$9,000 \]
Next, let's find the total liabilities:
\[ \text{Total Liabilities} = \text{Current Liabilities} + \text{Long-term Debt} \]
\[ \text{Total Liabilities} = \$900 + \$5,000 = \$5,900 \]
Now, let's calculate the shareholders' equity:
\[ \text{Shareholders' Equity} = \$9,000 - \$5,900 \]
\[ \text{Shareholders' Equity} = \$3,100 \]
The value of the shareholders' equity account for Penguin Pucks, Inc., is \$3,100.
Now, to find the net working capital, we use the formula:
\[ \text{Net Working Capital} = \text{Current Assets} - \text{Current Liabilities} \]
Given that the current assets are \$3,000 and the current liabilities are \$900, we have:
\[ \text{Net Working Capital} = \$3,000 - \$900 \]
\[ \text{Net Working Capital} = \$2,100 \]
So, the net working capital for Penguin Pucks, Inc., is \$2,100.
