Balance Sheet ASSETS: Cash and Marketable Securities: $75.00 Accounts Receivable: $100.00 Inventories: $200.00 TOTAL CURRENT ASSETS:...
Balance Sheet
ASSETS:
Cash and Marketable Securities: $75.00
Accounts Receivable: $100.00
Inventories: $200.00
TOTAL CURRENT ASSETS: $375.00
Gross Property, Plant and Equipment: (blank)
less Accumulated Depreciation: $50.00
NET FIXED ASSETS: (blank)
TOTAL ASSETS: (blank)
LIABILITIES AND EQUITY:
Accounts Payable: $75.00
Notes Payable: (blank)
Accruals: $75.00
TOTAL CURRENT LIABILITIES: $300.00
Long Term Debt: $350.00
TOTAL LIABILITIES: $650.00
PREFERRED STOCK: (blank)
Common Stock: $50.00
Accumulated Retained Earnings: $125.00
COMMON EQUITY: $175.00
TOTAL LIABILITIES AND EQUITY: $875.00
1. Consider the balance sheet above:
A. What is the value for total assets?
B. What is the value for net fixed assets?
C. What is the value for gross, property, plant and equipment?
D. What is the value for notes payable?
E. What is the value for preferred stock?
Thank you in advance!!
Homework Answers
A. Total assets shall be equal to total of liabilities and equity, hence the answer is:
- $875
B. Total assets = $875, assets excluding Net fixed assets = 375, Hence net fixed assets = Total assets - Other assets = 875-375= 500
- $500
C. Gross PPE is equal to $500 + $50 = $550
- $550
D.If total current liabilities equal 300 and current liabilities excluding notes payable equals 150, then notes payable shall also be 150
- $150
E.Common equity equals 175 and sum of common stock and retained earnings also equal 175, hence there is no preferred stock.
- 0
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