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2 Homework Question 7 of 7 < Assets Cullumber Company Balance Sheets December 31 2025 2024 Cash $26,400 $18,400 Receivables (net) 79,000 60,000 Other current assets 98,450 88,400 Long-term investments 62,000 59,000 Property, plant, and equipment (net) 515,000 471,000 Total assets $780,850 $696,800 Liabilities and Stockholders' Equity Current liabilities $75,500 $69,500 Long-term liabilities 80,670 104,700 Common stock Retained earnings Total liabilities and stockholders' equity 336,000 297,500 288,680 225,100 $780,850 $696.800 80

2 Homework Question 7 of 7 < Assets Cullumber Company Balance Sheets December 31 2025 2024 Cash $26,400 $18,400 Receivables (net) 79,000 60,000 Other current assets 98,450 88,400 Long-term investments 62,000 59,000 Property, plant, and equipment (net) 515,000 471,000 Total assets $780,850 $696,800 Liabilities and Stockholders' Equity Current liabilities $75,500 $69,500 Long-term liabilities 80,670 104,700 Common stock Retained earnings Total liabilities and stockholders' equity 336,000 297,500 288,680 225,100 $780,850 $696.800 80

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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It's to find current ratio, debt to assets ratio, and more. I also have more information I just couldn't get it all in the picture. 

2 Homework Question 7 of 7 < Assets Cullumber Company Balance Sheets December 31 2025 2024 Cash $26,400 $18,400 Receivables (net) 79,000 60,000 Other current assets 98,450 88,400 Long-term investments 62,000 59,000 Property, plant, and equipment (net) 515,000 471,000 Total assets $780,850 $696,800 Liabilities and Stockholders' Equity Current liabilities $75,500 $69,500 Long-term liabilities 80,670 104,700 Common stock Retained earnings Total liabilities and stockholders' equity 336,000 297,500 288,680 225,100 $780,850 $696.800 80
Transcribed Image Text:2 Homework Question 7 of 7 < Assets Cullumber Company Balance Sheets December 31 2025 2024 Cash $26,400 $18,400 Receivables (net) 79,000 60,000 Other current assets 98,450 88,400 Long-term investments 62,000 59,000 Property, plant, and equipment (net) 515,000 471,000 Total assets $780,850 $696,800 Liabilities and Stockholders' Equity Current liabilities $75,500 $69,500 Long-term liabilities 80,670 104,700 Common stock Retained earnings Total liabilities and stockholders' equity 336,000 297,500 288,680 225,100 $780,850 $696.800 80
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