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Company B has the following information: Cash-- --? A/R (avg collect Period=30 days)- Inventory (Days Inv. Held = 40)-- Other------ -11,917,808 -8,967,123 %3D -5,000,000 -? Total Current Asset- PP&E- Less Accumulated Depreciation-- Net PP&E--- -50,000,000 -10,000,000 -40,000,000 Total current liability 13,842,466 Total Liabilities--- --21,842,466 ----

Company B has the following information: Cash-- --? A/R (avg collect Period=30 days)- Inventory (Days Inv. Held = 40)-- Other------ -11,917,808 -8,967,123 %3D -5,000,000 -? Total Current Asset- PP&E- Less Accumulated Depreciation-- Net PP&E--- -50,000,000 -10,000,000 -40,000,000 Total current liability 13,842,466 Total Liabilities--- --21,842,466 ----

FINANCIAL ACCOUNTING
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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What are the cash balance and the total current assets balance?
abe X2 x² A- Narmal No Spacing Heading late with security updates, fixes, and Improvements, choose Check for Updates. Company B has the following information: Cash--- A/R (avg collect Period=30 days)- Inventory (Days Inv. Held 40)-- Other- -11,917,808 -8,967,123 -5,000,000 Total Current Asset- PP&E- -50,000,000 10,000,000 40,000,000 Less Accumulated Depreciation-- Net PP&E- Total current liability -13,842,466 Total Liabilities--- -21,842,466| English (United States) MacBook Air
Transcribed Image Text:abe X2 x² A- Narmal No Spacing Heading late with security updates, fixes, and Improvements, choose Check for Updates. Company B has the following information: Cash--- A/R (avg collect Period=30 days)- Inventory (Days Inv. Held 40)-- Other- -11,917,808 -8,967,123 -5,000,000 Total Current Asset- PP&E- -50,000,000 10,000,000 40,000,000 Less Accumulated Depreciation-- Net PP&E- Total current liability -13,842,466 Total Liabilities--- -21,842,466| English (United States) MacBook Air
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