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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 |
Year 2 Year 1 184 68 Assets Current assets: Cash and equivalents Accounts receivable Inventories Total...
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2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant and equipment Total assets Liabilities and Equity 8 Accounts payable $ 11,000 8 Accruals 7,600 Notes payable 6,000 Total current liabilities Long-term bonds Total liabilities 99% 318 88 44,500 40,000 49,955 Common stock (4,000 shares) Retained earnings 40,000 49,955 35,100 Common equity $ 89,955 $75.100 Total liabilities and equity $134,555 $115,000 Income Statement for Year Ending December 31, 2018 Sales $225,000 Operating costs excluding...
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