Answer : The value of the owners’ equity= $ 71,600
Working notes for the above answer is as under
We have been provided with the information that,
| Particular | Amount in $ |
| Gino’s Winery has net working capital | 29800 |
| net fixed assets of | 64800 |
| current liabilities | 34700 |
| and long-term debt | 23000 |
Now we will calculate the value of the owners’ equity
The calculation is as follow
| Owner’s Equity | Amount in $ |
| Gino’s Winery has net working capital | 29800 |
| Add: | |
| net fixed assets of | 64800 |
| 94600 | |
| Less: | |
| and long-term debt | 23000 |
| The value of owner’s Equity | 71600 |
