The assets of Dallas & Associates consist entirely of current assets and net plant and equipment,...

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Answer 1

Answer #1

a. Company's Total Debt = Total Assets - Total Equity = $2700000 - $1550000

Company's Total Debt = $1150000

b. Amount of Total Liabilities and Equity that would appear = $2700000

c. Current Assets = Total Assets - Plant and Equipment = $2700000 - $2400000

Current Assets = $300000

d. Current Liabilities = Total Debt - Long term Debt

Current Liabilities = 1150000 - 752000

Current Liabilities = $398000

e. Accounts Payable and accruals = Total Debt - Long term Debt - Notes Payable

Accounts Payable and accruals = 1150000 - 752000 - 150000

Accounts Payable and accruals = $248000

f. Net Working Capital = Current Assets - Current Liabilities = $300000 - $398000

Net Working Capital = - $98000

g. Net Operating Working Capital = Current Assets - Accounts Payable = $300000 - $248000

Net Operating Working Capital = $52000

As per HOMEWORKLIB RULES experts are required to answer only first 4 questions when multiple questions were asked. please ask remaining questions separately. Thanks for understanding

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