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rate positively ..
| 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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