ABDE1AssetsCash67,9715,10023Accounts Receivable4 Inventory5 Current Assets6 Property & Equipment7 Goodwill7,80580,87645,50020,000146,376Total Assets10 Liabilities11 Short Term Debt12 Accounts Payable13 Current Liabilities3,9023,90250,00053,90214 Long Term Debt15 Total Liabilities16 Shareholder's Equity17 Equity Capital18 Retained Earnings19 Shareholder's Equity20 Total Liabilities & Shareholder's Equity70,0002,47472,474126,37621=IF(D8=D20,"OK")222324Given the above screenshot, what is the resultingvalue in cell D22?ERRORTRUEOKFALSE

Generally the balance sheet should give asset= liability. If function in Excel used to validate a…

C D 1 Assets 2 Cash 3 Accounts Receivable 67,971 5,100 7,805 80,876 4 Inventory 5 Current Assets 6 Property & Equipment 7 Goodwill 8 Total Assets 45,500 20,000 146,376 9. 10 Liabilities 11 Short Term Debt 12 Accounts Payable 13 Current Liabilities 3,902 3,902 14 Long Term Debt 50,000 53,902 15 Total Liabilities 16 Shareholder's Equity 17 Equity Capital 18 Retained Earning 19 Shareholder's Equity 20 Total Liabilities & Shareholder's Equity 70,000 2,474 72,474 126,376 21 22 =IF(D8=D20,"OK") 23 24

C D 1 Assets 2 Cash 3 Accounts Receivable 67,971 5,100 7,805 80,876 4 Inventory 5 Current Assets 6 Property & Equipment 7 Goodwill 8 Total Assets 45,500 20,000 146,376 9. 10 Liabilities 11 Short Term Debt 12 Accounts Payable 13 Current Liabilities 3,902 3,902 14 Long Term Debt 50,000 53,902 15 Total Liabilities 16 Shareholder's Equity 17 Equity Capital 18 Retained Earning 19 Shareholder's Equity 20 Total Liabilities & Shareholder's Equity 70,000 2,474 72,474 126,376 21 22 =IF(D8=D20,"OK") 23 24

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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Q.1 The Balance Sheet of Punjab Auto Limited as on 31‐12‐2002 was as follows: Particulars Amount(Rs.) Particulars Amount(Rs.)Equity Share CapitalCapital Reserve8% Loan on Mortgage CreditorsBank overdraft Taxation:CurrentFutureProfit and Loss A/c40,0008,00032,00016,0004,0004,0004,00012,000Plant and Machinery Land and Buildings Furniture & Fixtures StockDebtorsInvestments (Short‐term)Cash in hand24,00040,00016,00012,00012,0004,00012,0001,20,000 1,20,000From the above, compute (a) the Current Ratio, (b) Quick Ratio, (c) Debt‐Equity Ratio, and (d) Proprietary Ratio.
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Genatron Manufacturing Corporatio Balancs Sh出出t 2017 216 ASSETS Cach $41,752 $51,878 Accts. recelvable 260, 499 200,543 Inventory 450,460 Total current assets B02, 735 702,181 Fixed asset, nct 300, 100 $1,202, 735 $1,002, 381 LIABILITIES AND EQUITY Accts. paysble $172,648 $131,068 Bank loan 91,013 91,013 Accrusis 70,000 50, 000 Total current Isbllties 333,661 272.081 Long-term deot, 12% 398,220 290,301 Common stock, $10 par 300,000 Capital surplus 44,555 44,555 Retained crninga 126,299 95,444 Total liabiliiti &oulty 51.202,735 51,002,381 2017 2016 Net sales Cost of peocS So0 388,411 Gross profit E72.274 Experses: General ancasm nistrative 50.000 Market ng cod ost rer cs 44.5E5 Ceprec at cn v (a) Calculate Genatron's dollar amount of net working capital in each year. Interest E5.024 Earnings tetsre taxes 267.055 227.266 2017 2016 Incometaxes 75 145 Net working capital et ncome %24
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