Assessment Assignment Leslie's Landscaping Inc. Balance Sheet as of December 31, 2017 and 2016 (in millions of dollars) 2017 2016 2017 2016 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities Accounts receivable Inventory 17 42 30 89 38 33 Accured wages and taxes 19 65 55 Accounts payable 138 110 Notes payable $244 $198 Total Total 179 Fixed assets: Long-term debt: Gross plant and equipment Less: Depreciation Net plant and equipment 365 325 Stockholders' equity: 55 270 Preferred stock (5 million shares) Common stock and paid-in surplus (20 million shares) 5 40 74 40 209 217 262 Retained earnings 54 36324 Other long-term assets 45 254 Total Total 522 577 522 Total liabilities and equity Total assets Free Cash Flow: Leslie's Landscaping Inc., had free cash flows during 2017 of $45 million, EBIT of $98 million, and depreciation of $17 million. Taxes paid on its EBIT is $10 million. Utilizing the information, fill in the blanks on Leslie's Landscaping Balance Sheet above.
Assessment Assignment Leslie's Landscaping Inc. Balance Sheet as of December 31, 2017 and 2016 (in millions of dollars) 2017 2016 2017 2016 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities Accounts receivable Inventory 17 42 30 89 38 33 Accured wages and taxes 19 65 55 Accounts payable 138 110 Notes payable $244 $198 Total Total 179 Fixed assets: Long-term debt: Gross plant and equipment Less: Depreciation Net plant and equipment 365 325 Stockholders' equity: 55 270 Preferred stock (5 million shares) Common stock and paid-in surplus (20 million shares) 5 40 74 40 209 217 262 Retained earnings 54 36324 Other long-term assets 45 254 Total Total 522 577 522 Total liabilities and equity Total assets Free Cash Flow: Leslie's Landscaping Inc., had free cash flows during 2017 of $45 million, EBIT of $98 million, and depreciation of $17 million. Taxes paid on its EBIT is $10 million. Utilizing the information, fill in the blanks on Leslie's Landscaping Balance Sheet above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Filling in the missing values
![Assessment Assignment
Leslie's Landscaping Inc.
Balance Sheet as of December 31, 2017 and 2016
(in millions of dollars)
2017
2016
2017
2016
Assets
Liabilities and Equity
Current assets:
Current liabilities:
Cash and marketable securities
Accounts receivable
Inventory
17
42
30
89
38
33
Accured wages and taxes
19
65 55 Accounts payable
138 110 Notes payable
$244 $198
Total
Total
179
Fixed assets:
Long-term debt:
Gross plant and equipment
Less: Depreciation
Net plant and equipment
365 325 Stockholders' equity:
55
270
Preferred stock (5 million shares)
Common stock and paid-in surplus (20 million shares)
5
40
74
40
209
217
262
Retained earnings
54
36324
Other long-term assets
45
254
Total
Total
522
577
522
Total liabilities and equity
Total assets
Free Cash Flow: Leslie's Landscaping Inc., had free cash flows during 2017 of $45 million, EBIT of $98 million, and depreciation
of $17 million. Taxes paid on its EBIT is $10 million.
Utilizing the information, fill in the blanks on Leslie's Landscaping Balance Sheet above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f2d8320-bea7-4781-82b2-a06632bbed95%2Ff11652f2-be67-44d4-bc68-84ae8d4062f9%2Fe727o0e.jpeg&w=3840&q=75)
Transcribed Image Text:Assessment Assignment
Leslie's Landscaping Inc.
Balance Sheet as of December 31, 2017 and 2016
(in millions of dollars)
2017
2016
2017
2016
Assets
Liabilities and Equity
Current assets:
Current liabilities:
Cash and marketable securities
Accounts receivable
Inventory
17
42
30
89
38
33
Accured wages and taxes
19
65 55 Accounts payable
138 110 Notes payable
$244 $198
Total
Total
179
Fixed assets:
Long-term debt:
Gross plant and equipment
Less: Depreciation
Net plant and equipment
365 325 Stockholders' equity:
55
270
Preferred stock (5 million shares)
Common stock and paid-in surplus (20 million shares)
5
40
74
40
209
217
262
Retained earnings
54
36324
Other long-term assets
45
254
Total
Total
522
577
522
Total liabilities and equity
Total assets
Free Cash Flow: Leslie's Landscaping Inc., had free cash flows during 2017 of $45 million, EBIT of $98 million, and depreciation
of $17 million. Taxes paid on its EBIT is $10 million.
Utilizing the information, fill in the blanks on Leslie's Landscaping Balance Sheet above.
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