Question

TABLE P2.1 Balance Sheet Statement as of December 31, 2000 Assets: Cash $ 150,000 Marketable securities 200,000 Accounts receImageImage

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Shareholder's Equity = Total Assets - Total Liabilities

= Cash + Marketable Securities + Accounts Receivables + Inventories + Prepaid Taxes and Insurance + Net Fixed Assets + Goodwill - Notes Payable

= 150000 + 200000 + 150000 + 50000 + 30000 + 500000 + 20000 - 50000

= $10,50,000

Add a comment
Know the answer?
Add Answer to:
TABLE P2.1 Balance Sheet Statement as of December 31, 2000 Assets: Cash $ 150,000 Marketable securities...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1. Consider the balance-sheet entries for War Eagle Corporation in Table P2.1. a. Compute the firm's...

    1. Consider the balance-sheet entries for War Eagle Corporation in Table P2.1. a. Compute the firm's Current assets: $ Current liabilities: $ ls Working capital: $. Shareholders' equity: $. b. If the firm had a net income of $500,000 after taxes, what is the earnings per share of common stock? C. When the firm issued its common stock, what was the market price of the stock per share? Balance Sheet Statement as of December 31, 2009 Assets: Cash $ 150.000...

  • ENGR 314 SPRING 2019-HOMEWORK NO.2-FINANCIAL STATEMENTS Financial Statements 2.1 Consider the balance-sheet entries for War Eagle...

    ENGR 314 SPRING 2019-HOMEWORK NO.2-FINANCIAL STATEMENTS Financial Statements 2.1 Consider the balance-sheet entries for War Eagle Corporation in Table P2.1 (a) Compute the firm's Current assets: S Current liabilities: S Working capital: S Shareholders' equity: S TABLE P2.1 Balance Sheet Statement as of December 31, 2015 Assets Cash Marketable securities Accounts receivable Inventories Prepaid taxes and insurance Manufacturing plant at cost Less accumulated depreciation Net fixed assets Goodwill s 150,000 200,000 150,000 50,000 30,000 600,000 00,000 500,000 20,000 TABLE P2.1...

  • ABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expens...

    We were unable to transcribe this imageABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expenses Total Current Assets 5,000 35,000 225,000 150,000 75,000 490,000 75,200 25,000 150,000 75,000 75,000 500,200 75,000 Plant & Equipment less Accumulated Depreciation Net Plant &Equipment 375,000 200000 175,000 125,000 200,000 Total Assets 840,000 850,200 Current Liabilities AIP Notes Payable Accrued Expenses Total Current Liabilities 225,000 50000 465,000 75,000 50000 425,000 Bonds Payable Total Liabilities 490,000 450,000 Stockholders Equity Preferred Stock Common...

  • Consider the balance sheet entries for War Eagle Corporation in the table below. What is the...

    Consider the balance sheet entries for War Eagle Corporation in the table below. What is the firm's total current assets? $ What is the total current liabilities? S What is the total working capital? S What is the shareholders' equity? $ Balance Sheet Statement as of December 31, 2009 Assets: Cash Marketable securities Accounts receivables Inventories Prepaid taxes and insurance Manufacturing plant at cost Less accumulated depreciation Net fixed assets Goodwill $ 153,654 $ 200,000 $ 150,000 $ 50.000 $...

  • The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities,...

    The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2018, balance sheet revealed the following: Inventories $ 940,000 Total assets $ 3,200,000 Current ratio 2.20 Acid-test ratio 1.20 Debt to equity ratio 1.5 Required: Determine the following 2018 balance sheet items: 1.Current assets 2.Shareholders' equity 3.Long-term assets 4.Long-term liabilities

  • Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Provincial...

    Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Provincial Imports, Inc., Balance Sheet December 31, 2015 Liabilities and stockholders' equity $ 200,000 Accounts payable 225,000 Taxes payable 625.000 Notes payable 500,000 Other current liabilities $1,550,000 Total current liabilities 1,400,000 Long-term debt $2.950,000 Total liabilities Common stock Retained earnings Total liabilities and equity $ 700,000 95,000 200,000 5,000 $1,000,000 500,000 $1,500,000 75,000 1.375,000 $2.950.000 (1) Projected sales are $6,000,000. (2) Cost of goods sold...

  • The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accoun...

    The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2016, balance sheet revealed the following: Inventories $ 840,000 Total assets $2,800,000 Current ratio 2.25 Acid-test ratio 1.2 Debt to equity ratio 1.8 Required: Determine the following 2016 balance sheet items: Current assets Shareholders' equity Noncurrent assets Long-term liabilities

  • Balance Sheet Feb. 26, 2011 Feb. 27, 2010 (S millions) Cash and cash equivalents Short-term inves...

    We were unable to transcribe this imageBalance Sheet Feb. 26, 2011 Feb. 27, 2010 (S millions) Cash and cash equivalents Short-term investments Receivables 1,103 1,826 90 2,020 2,348 5,897 1,103 10,473 Merchandise inventories Other current assets Total current assets Property and equipment Land and buildings Leasehold improvements Fixtures and equipment Property under capital lease Gross property and equipment Less accumulated depreciation Net property and equipment 5,486 1,144 10,566 766 2,318 4,701 120 7,905 4,082 3,823 2,454 133 203 328 435...

  • For the next 6 questions suppose the following data Cash & M/S Receivables Inventories Fixed Assets...

    For the next 6 questions suppose the following data Cash & M/S Receivables Inventories Fixed Assets Total Assets Balance Sheet 30,000 Accruals 70,000 Accounts Payable 120,000 Notes Payable 480,000L-TLiabilities 700,000 Common Equity 20,000 60,000 80,000 140,000 400 700 Total Annual Sales $1,400,000 Net Income$63,000 Number of Shares Outstanding 30 000 ost of Goods Sold $960,000 What is the current ratio of the firm? 1.225 O 1.375 O 1.875 O 1.905 O 2.145 We were unable to transcribe this imageWe were...

  • Roman Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 ASSETS 2016 2017...

    Roman Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 ASSETS 2016 2017 LIABILITIES 2016 2017 Current assets Current liabilities S Total current liabilities Total current assets Total liabilities Fixed assets OWNERS' EQUITY ter any number in the input fields and then click Check Answer orking capital for the year 2017. Current assets mt sTotal current liabilities Total current assets Total liabilities Fixed assets OWNERS EQUITY Total owners' equity TOTAL LIABILITIES AND ー|OWNERS' EQUITY TOTAL ASSETS We...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT