Four years ago, Velvet Purses purchased a mailing machine at a cost of $152959. This equipment is currently valued at $93290 on today's balance sheet but could actually be sold for $9633. This is the only fixed asset the firm owns. Net working capital is $58314. and long term debt is $40420. What is the book value of current assets

The technique of managing a business's finances in a way that enables it to be profitable and compliant with rules is known as financial management. That requires both a comprehensive strategy and hands-on implementation.

Financial management is fundamentally the process of creating a business plan and ensuring that it is followed by all departments.

A long-term vision may be created with the help of data that the CFO or VP of finance can supply.

The data also helps with investment decisions and provides information on how to finance those investments as well as liquidity, profitability, cash runway, and other factors.

Book value of shareholders equity = Book value of mailing machine + net working capital - Long term debt

93,290 + 58,314 - 40,420 = $1,11,184

Learn more about Financial Management with the help of the given link:

https://brainly.com/question/13184640?referrer=searchResults

#SPJ4