Given the following information, construct the firm’s balance sheet: Cash and cash equivalents $ 390,000 Accumulated depreciation on plant and equipment 920,000 Plant and equipment 4,230,000 Accrued wages 440,000 Long-term debt 3,060,000 Inventory 7,200,000 Accounts receivable 3,960,000 Preferred stock 560,000 Retained earnings 7,640,000 Land 2,820,000 Accounts payable 2,800,000 Taxes due 180,000 Common stock $ 15 par Common shares outstanding 182,000 Current portion of long-term debt $ 270,000 Round your answers to the nearest dollar.
Given the following information, construct the firm’s balance sheet: Cash and cash equivalents $ 390,000 Accumulated depreciation on plant and equipment 920,000 Plant and equipment 4,230,000 Accrued wages 440,000 Long-term debt 3,060,000 Inventory 7,200,000 Accounts receivable 3,960,000 Preferred stock 560,000 Retained earnings 7,640,000 Land 2,820,000 Accounts payable 2,800,000 Taxes due 180,000 Common stock $ 15 par Common shares outstanding 182,000 Current portion of long-term debt $ 270,000 Round your answers to the nearest dollar.
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
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Problem 9-02 Given the following information, construct the firm’s
Round your answers to the nearest dollar.
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Balance sheet: Balance sheet provides information about assets, liabilities and equity amount of a company at a particular date.
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