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Duckies, Etc. is a bath toy manufacturer reviewing their current Balance Sheet. 1. What are the total current assets? 2. What are the total long term assets? 3. What are total assets?

Duckies, Etc. is a bath toy manufacturer reviewing their current Balance Sheet. 1. What are the total current assets? 2. What are the total long term assets? 3. What are total assets?

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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Duckies, Etc. is a bath toy manufacturer reviewing their current Balance Sheet.

1. What are the total current assets?

2. What are the total long term assets?

3. What are total assets? 

4. What is the balance for Accounts Payable?

5. What is the balance for Total Liabilities?

6. What is the balance for Total Liabilities and Shareholder Equity?

7. What is the balance for Capital Surplus?

 

 

Liabilities & SH Equity $35 Assets as of April 30, 2015 $000s Cash and Cash Equiv. Accounts Receivable Inventory other Current Assets Total Current Assets $000s Accounts Payable 50 ### Short Term Debt other Current Liabilities Total Current Liabilities 10 30 30 50 $55 Long Term Debt Other Long Term Liabilities Total Liabilities ### 15 Long Term Investments Plant, Property & Equip. Intangible and Other Assets Total Long Term Assets 10 $41 ### 15 Retained Earnings Capital Surplus Total Shareholder Equity ### 60 ### ### Total Assets ### Total Liabilities & SH Equity ###
Transcribed Image Text:Liabilities & SH Equity $35 Assets as of April 30, 2015 $000s Cash and Cash Equiv. Accounts Receivable Inventory other Current Assets Total Current Assets $000s Accounts Payable 50 ### Short Term Debt other Current Liabilities Total Current Liabilities 10 30 30 50 $55 Long Term Debt Other Long Term Liabilities Total Liabilities ### 15 Long Term Investments Plant, Property & Equip. Intangible and Other Assets Total Long Term Assets 10 $41 ### 15 Retained Earnings Capital Surplus Total Shareholder Equity ### 60 ### ### Total Assets ### Total Liabilities & SH Equity ###
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