Los Altos, Inc. Balance Sheet December 31, 2020 and 2019 (in millions) 2020 2019 Assets Current assets Cash and cash equivalents $270 $540 Accounts receivable 1,215 1,080 Inventory 675 878 Other current assets 540 338 Total current assets 2,700 2,836 Property, plant, & equipment (net) 3,510 3,375 Other assets 7,695 7,965 Total assets $13,905 $14,176 Liabilities and Stockholders' Equity Current liabilities $4,500 $4,350 Long-term liabilities 7,500 8,100 Total liabilities 12,000 12,450 Stockholders' equity - common 1,905 1,726 Total Liabilities and Stockholders' Equity $13,905 $14,176
Los Altos, Inc. Balance Sheet December 31, 2020 and 2019 (in millions) 2020 2019 Assets Current assets Cash and cash equivalents $270 $540 Accounts receivable 1,215 1,080 Inventory 675 878 Other current assets 540 338 Total current assets 2,700 2,836 Property, plant, & equipment (net) 3,510 3,375 Other assets 7,695 7,965 Total assets $13,905 $14,176 Liabilities and Stockholders' Equity Current liabilities $4,500 $4,350 Long-term liabilities 7,500 8,100 Total liabilities 12,000 12,450 Stockholders' equity - common 1,905 1,726 Total Liabilities and Stockholders' Equity $13,905 $14,176
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 54CE
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