Orlando Landscaping has current assets of $5,100, net fixed assets of $23,000, current liabilities of 4,300 and long-term debt of 7,400. What is the value of the Shareholders equity account for this firm? How much is net working capital? Brighton Electric Inc. has sales of $586,000, cost of $247,000, depreciation expense of $43,000, interest expense of $32,000 and a tax rate of 35%. Suppose the firm paid out $73,000 in cash dividends. What is the addition to retained earnings? Friers Industry Inc. purchased new machinery three years ago for $7 million. The machinery can be sold to Simpson Industries today for $4.9 million. Friers current statement of financial position shows net fixed assets of $3.7 million, current liabilities of $1.1 million, and net working capital of $380,000. If all the current assets were liquidated today, the company would receive $1.6 million cash. What is the book value of Friers’ assets today? What is the market value
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Orlando Landscaping has current assets of $5,100, net fixed assets of $23,000, current liabilities of 4,300 and long-term debt of 7,400. What is the value of the Shareholders equity account for this firm? How much is net working capital?
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Brighton Electric Inc. has sales of $586,000, cost of $247,000,
depreciation expense of $43,000, interest expense of $32,000 and a tax rate of 35%. Suppose the firm paid out $73,000 in cash dividends. What is the addition toretained earnings ? -
Friers Industry Inc. purchased new machinery three years ago for $7 million. The machinery can be sold to Simpson Industries today for $4.9 million. Friers current
statement of financial position shows net fixed assets of $3.7 million, current liabilities of $1.1 million, and net working capital of $380,000. If all the current assets were liquidated today, the company would receive $1.6 million cash. What is the book value of Friers’ assets today? What is the market value?
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