Huron has provided the following year-end balances: · Cash, $25,000 · Long-term Investments, $7,900 · Accounts receivable, $9,300 · Property, plant, and equipment, $98,700 · Prepaid insurance, $3,600 · Accumulated depreciation, $10,000 · Inventory, $37,000 · Retained earnings, $12,600 How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500. D)$95,400
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· Cash, $25,000
· Long-term Investments, $7,900
·
· Property, plant, and equipment, $98,700
· Prepaid insurance, $3,600
·
· Inventory, $37,000
·
How much are Huron's current assets?
D)$95,400
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- The following information (in $ millions) comes from the Annual Report of Saratoga Springs Company for the year ending 12/31/2024: Year ended 12/31/2024 $ 8,139 4,957 2,099 Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity 606 477 648 Profit margin on sales 12/31/2024 $ 1,165 1,200. 1,245 13,690 $ 17,300 $ 5,937 5,781 $ 11,718 $5,582 Required: Compute the profit margin on sales for 2024. Note: Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%. 12/31/2023 $ 83 854 709 4,034 $ 5,680 $ 2,399 2,411 $ 4,810 $ 870Assume $74,000 is going to be invested in each of the following assets. Using Table 12-11 and Table 12-12. Indicate the dollar amount of the first year's depreciation. a. Office furniture b. Automobile c. Electric and gas utility property d. Sewage treatment plant First Year's DepreciationUse the following data to determine the total dollar amount of assets to be classified as long-term investments. Ace Supply Company Balance Sheet December 31, 2025 Cash Accounts receivable Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation (60,000) Franchise Total assets O $255,000 O $0 $339,000 O $465,000 O $585.000 $ 126,000 120,000 210,000 90.000 255.000 285,000 210.000 $1.575.000 Accounts payable Salaries and wages payable Note payable (due 2028) Total liabilities Common stock Retained: earnings Total stockholders' equity Total liabilities and stockholders' equity 279,000 $ 165,000 30,000 270.000 465,000 360,000 750,000 1.110.000 $1.575.000
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