how do i determine the working capital from the following information Sunland Company Balance Sheet December 31, 2022 Assets Current assets Cash $ 61,800 Debt investments 87,000 Accounts receivable (net) 169,800 Inventory 155,150 Total current assets 473,750 Plant assets (net) 570,000 Total assets $ 1,043,750 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 153,500 Income taxes payable 36,000 Total current liabilities 189,500 Bonds payable 186,250 Total liabilities 375,750 Stockholders’ equity Common stock 351,000 Retained earnings 317,000 Total stockholders’ equity 668,000 Total liabilities and stockholders’ equity $1,043,750
how do i determine the working capital from the following information Sunland Company Balance Sheet December 31, 2022 Assets Current assets Cash $ 61,800 Debt investments 87,000 Accounts receivable (net) 169,800 Inventory 155,150 Total current assets 473,750 Plant assets (net) 570,000 Total assets $ 1,043,750 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 153,500 Income taxes payable 36,000 Total current liabilities 189,500 Bonds payable 186,250 Total liabilities 375,750 Stockholders’ equity Common stock 351,000 Retained earnings 317,000 Total stockholders’ equity 668,000 Total liabilities and stockholders’ equity $1,043,750
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
how do i determine the
| Sunland Company Balance Sheet December 31, 2022 |
||
|---|---|---|
|
Assets
|
||
|
Current assets
|
||
|
Cash
|
$ 61,800 | |
|
Debt investments
|
87,000 | |
|
|
169,800 | |
|
Inventory
|
155,150 | |
|
Total current assets
|
473,750 | |
|
Plant assets (net)
|
570,000 | |
|
Total assets
|
$ 1,043,750 | |
|
Liabilities and
|
||
|
Current liabilities
|
||
|
Accounts payable
|
$ 153,500 | |
|
Income taxes payable
|
36,000 | |
|
Total current liabilities
|
189,500 | |
|
Bonds payable
|
186,250 | |
|
Total liabilities
|
375,750 | |
|
Stockholders’ equity
|
||
|
Common stock
|
351,000 | |
|
|
317,000 | |
|
Total stockholders’ equity
|
668,000 | |
|
Total liabilities and stockholders’ equity
|
$1,043,750 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education