2017 2016 Current assets Cash and cash equivalents S330 $360 Accounts receivable (net) 570 500 Inventory 600 530 Prepaid expenses 120 160 Total current assets 1.620 1.550 Investments 110 110 Property, plant, and equipment (net) 420 380 Intangibles and other assets 530 510 Total assets $2.680 $2,550 Current liablities $1000 $890 Long-term liabilities 550 520 Stockholders' equity-common 1130 1140 Total liabilities and stockholders' equity $2,680 $2,550

2017 2016 Current assets Cash and cash equivalents S330 $360 Accounts receivable (net) 570 500 Inventory 600 530 Prepaid expenses 120 160 Total current assets 1.620 1.550 Investments 110 110 Property, plant, and equipment (net) 420 380 Intangibles and other assets 530 510 Total assets $2.680 $2,550 Current liablities $1000 $890 Long-term liabilities 550 520 Stockholders' equity-common 1130 1140 Total liabilities and stockholders' equity $2,680 $2,550

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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