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Year 2 Year 1 184 68 Assets Current assets: Cash and equivalents Accounts receivable Inventories Total current assets Net fix
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Balance sheet
Year 2 Year 1 Year 2 Year 1
Assets Liabilities and equity
Current asset Current liabilities
Cash 231 184 Account payable 0 0
Account receivable 84 68 Accruals 12 0
inventories 247 198 Notes payable 66 62
Total current assets 562 450 Total current liabilities 78 62 388
Long term debt 234 188
Net fixed asset Total debt            312 250
Net plant and equipment 688 550 Common equity :
Common stock 610 488
Retained earning note 328 262
Total common equity 938 750
Total Assets 1250 1000 Total liabilities and equity        1,250           1,000
50 50
Correct statements are - Explanation
Nitreca chemicals inc has $213 million of actual money that it can spend immediately Cash is $213 mil
Nitreca chemicals inc has net operating working capital in first year was $450 million Working capital = 450-0 = 450 million
The asset side and liabilities side of the balance sheet list accounts in order of their liquidity
The book value per share of Nitreca chemical inc;s stock in the second year was $18.76 Book value per share = 1250/50 =18.76
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