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
The value of current assets is $1,800,000.
The value of Shareholders’ equity is $1,000,000
The value of total assets is $1,000,000
The value of Long-Term Liabilities $1,000,000.
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 inventory. The December 31, 2021, balance sheet revealed the following: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 990,000 $3,500,000 2.10 1.20 1.8 Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and Inventory. The December 31, 2021, balance sheet revealed the following: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $1,200,000 $4,200, eee 2.40 1.40 1.8 Required: Determine the following 2021 balance sheet items: $ 2,880,000 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities $ 1,320,000
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The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 900,000 $2,400,000 2.60 1.10 1.4 Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 950,000 $3,300,000 2.30 1.30 1.5 Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities
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 $ 880,000 Total assets $ 3,200,000 Current ratio 2.50 Acid-test ratio 1.50 Debt to equity ratio 1.5 Required: Determine the following 2018 balance sheet items: 1. Current assets 2.Shareholder's equity 3. Long term assets 4.Long term liabilities
The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: Inventory $ 990,000 Total assets $ 3,500,000 Current ratio 2.10 Acid-test ratio 1.20 Debt to equity ratio 1.8 Required: Determine the following 2021 balance sheet items: 1) Current Assets 2) Shareholder Equity 3) Long-term assets 4) Long-term liabilities
Chech The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 950,000 $3,300,000 2.30 1.30 1.5 Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities
3 The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: 10 points Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $1,000,000 $4,000,000 2.20 1.40 1.5 Required: Determine the following 2021 balance sheet items: Answer is not complete. 1. $ 3,000,000 2. Current assets Shareholders' equity Long-term assets Long-term liabilities 3. 4.
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