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

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter1: Understanding And Working With The Federal Tax Law
Section: Chapter Questions
Problem 27DQ
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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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