Sunday
April 20, 2014

Homework Help: Finance

Posted by audrey on Monday, January 30, 2012 at 4:45pm.

Use your knowledge of balance sheets and common-size statements
to fill in the missing dollar amounts:
ASSETS
Cash $25,000 3.4%
Accounts receivable $125,000 _____
Inventory _______ 27.1%
Total current assets $350,000 ______
Gross plant and equipment _______ 95.0%
Less: accumulated depreciation $313,000 42.5%
Net plant and equipment _______ ______
Total assets $737,000 100.0%
LIABILITIES
Accounts payable _______ 15.7%
Notes payable $29,000 3.9%
Total current liabilities _______ _____
Long-term debt $248,000 33.6%
Total liabilities $393,000 _____
Common stock ($.01 par,
450,000 shares) $4,500 0.6%
Paid-in capital $220,500 29.9%
Retained earnings _______ _____
Total stockholders’ equity $344,000 46.7%
Total liabilities and equity _______ 100.0%

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Managerial Accounting - Please give an example of how you would use each of the ...
Acc220 - I am not sure how to start the paragraph on explaining balance sheets, ...
accounting - Unit 1 Individual Project Deliverable Length: 2-3 paragraphs ...
human services management - does anyone know how to calculate fixed costs, ...
Finance - P2. Use your knowledge of balance sheets to fill in the missing ...
accounting - What is a balance sheet typically used for? What information on the...
Math - Aaron had an unpaid balance of $1,177.79 on his credit card statement at ...
Accounting - Partial balance sheets for ABC Company and additional information ...
accounting - Partial balance sheets for ABC Company and additional information ...
Math - Which rate gives the best price for scrapbook paper? a) 10 sheets = $1.89...

Search
Members