Answer:
The amount of the total liabilities is $6,890
Explanation:
The firm has total assets are $7,390, and fixed assets are $3,910.
Current assets of the firm = total assets - fixed assets = $7,390 - $3,910 = $3,480
A firm has net working capital of $560. Long-term debt is $3,970
Net working capital = Current assets - Current liabilities
Current liabilities = Current assets - Net working capital = $3,480 - $560 = $2,920
Total liabilities = Current liabilities + Long-term debt = $2,920 + $3,970 = $6,890
