11-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all figures are in millions. Common stock (PHP1.00 par) PHP 60 400 Current portion of L.T. Debt 300 Short-term bank loan Leasehold improvements 20 Accrued expenses 40 Net accounts receivable 100 Accumulated depreciation 200 Long-term bank loan 600 900 Retained earnings Gross fixed assets 200 90 Cash Accounts payabie ??? 190 Inventories

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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11.-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year
ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all
figures are in millions.
Common stock (PHP1.00 par)
PHP 60
400
Current portion of L.T. Debt
300
Short-term bank loan
Leasehold improvements
20
Accrued expenses
40
Net accounts receivable
100
Accumulated depreciation
200
Long-term bank loan
600
Gross fixed assets
900
Retained earnings
200
90
Cash
Accounts payabie
???
190
Inventories
Transcribed Image Text:11.-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all figures are in millions. Common stock (PHP1.00 par) PHP 60 400 Current portion of L.T. Debt 300 Short-term bank loan Leasehold improvements 20 Accrued expenses 40 Net accounts receivable 100 Accumulated depreciation 200 Long-term bank loan 600 Gross fixed assets 900 Retained earnings 200 90 Cash Accounts payabie ??? 190 Inventories
A. A-Mart's current assets are PHP
B. A-Mart's current liabilities are PHP
C. A-Mart's total assets are PHP
D. A-Mart's total liabilities are PHP
E. A-Mart's total stockholder's equity is PHP
Transcribed Image Text:A. A-Mart's current assets are PHP B. A-Mart's current liabilities are PHP C. A-Mart's total assets are PHP D. A-Mart's total liabilities are PHP E. A-Mart's total stockholder's equity is PHP
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