financial management and accounting fundamentals for construction
please solve this question.
Homework Answers
Current assets = $300,000
Current liabilities = $200,000
Long term liabilities = $500,000
Total net worth = $200,000
Fixed assets = ?
Total assets = Total net worth + Current liabilities + Long term liabilities
= 200,000 + 200,000 + 500,000
= $900,000
Total assets = Current assets + Fixed assets
900,000 = 300,000 + Fixed assets
Fixed assets = $600,000
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financial management and accounting fundamentals for
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please solve step by step in full detail of solution
steps. for my understanding.
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The 2019 financial statements for Growth Industries are
presented below.
Sales and costs are projected to grow at 30% a year for at least
the next 4 years. Both current assets and accounts payable are
projected to rise in proportion to sales. The firm is currently
operating at 75% capacity, so it plans to increase fixed assets in
proportion to sales. Interest expense will equal 10% of long-term
debt outstanding at the start of the year. The firm will maintain...
15 and 16
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