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Cash & short-term investments Accounts receivable Income taxes receivable Inventories Prepaid expenses future income tax benefit Total current assets Net fixed asssets Assets Total assets ABC Corporation December 31, 2015, and December 31, 2014, Balance Sheets ($000,000) Liabilities 2015 9.2 12.6 0 13.9 0.5 0.2 ? 25 ? 2014 2.3 12.1 1.2 12.5 0.6 0.3 29 23 52 Promissory notes Accounts payables Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Future income taxes Total liabilities 2015 0.6 15.1 0.5 0.8 ? 1.1 1.5 ? 2014 0.7 13.8 0 0.1 14.6 1.0 1.1 16.7

Cash & short-term investments Accounts receivable Income taxes receivable Inventories Prepaid expenses future income tax benefit Total current assets Net fixed asssets Assets Total assets ABC Corporation December 31, 2015, and December 31, 2014, Balance Sheets ($000,000) Liabilities 2015 9.2 12.6 0 13.9 0.5 0.2 ? 25 ? 2014 2.3 12.1 1.2 12.5 0.6 0.3 29 23 52 Promissory notes Accounts payables Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Future income taxes Total liabilities 2015 0.6 15.1 0.5 0.8 ? 1.1 1.5 ? 2014 0.7 13.8 0 0.1 14.6 1.0 1.1 16.7

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The attached table illustrates the balance sheets for ABC Corporation.

Answering the following questions.

  1. What is the total current assets in 2015 for ABC Corporation?
  2. What is the total assets in 2015 for ABC Corporation?
  3. What is the total current liabilities in 2015 for ABC Corporation?
  4. What is the total liabilities in 2015 for ABC Corporation?
  5. What is the net working capital in 2015 for ABC Corporation?
  6. What is the equity in 2015 for ABC Corporation?
Cash & short-term investments Accounts receivable Income taxes receivable Inventories Prepaid expenses future income tax benefit Total current assets Net fixed asssets Assets Total assets ABC Corporation December 31, 2015, and December 31, 2014, Balance Sheets ($000,000) Liabilities 2015 9.2 12.6 0 13.9 0.5 0.2 ? 25 ? 2014 2.3 12.1 1.2 12.5 0.6 0.3 29 23 52 J Promissory notes Accounts payables Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Future income taxes Total liabilities 2015 0.6 15.1 0.5 0.8 ? 1.1 1.5 ? 2014 0.7 13.8 0 0.1 14.6 1.0 1.1 16.7
Transcribed Image Text:Cash & short-term investments Accounts receivable Income taxes receivable Inventories Prepaid expenses future income tax benefit Total current assets Net fixed asssets Assets Total assets ABC Corporation December 31, 2015, and December 31, 2014, Balance Sheets ($000,000) Liabilities 2015 9.2 12.6 0 13.9 0.5 0.2 ? 25 ? 2014 2.3 12.1 1.2 12.5 0.6 0.3 29 23 52 J Promissory notes Accounts payables Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Future income taxes Total liabilities 2015 0.6 15.1 0.5 0.8 ? 1.1 1.5 ? 2014 0.7 13.8 0 0.1 14.6 1.0 1.1 16.7
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