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Statement of Financial Position A Company December 31, 2010 Liabilities & Owners' Equity Assets Current Assets: Cash at bank Liabilities Current Liabilities: 100000 Accounts Receivable Accounts (A/R) Prepaid Expenses Total Current Assets Payable (A/P) Notes Payable (N/P) 15000 20000 55000 20000 Short-term Loans ??? 30000 Non- Current Assets: Total Current Liabilities Non-Current ??? 1000000 Liabilities: Long-term Loans Total Liabilities Owners' Equity Land Buildings 180000 300000 Cars 80000 ??? Furniture Total Non- Current Assets Intangible Assets: Publication 20000 Capital Retained ??? ??? Earnings Total Owners' Equity Total Liabilities & Owners' Equity 600000 Rights 50000 ??? Total Assets ??? ??? The above is the statement of financial position of a company at December 31, 2020. Required: Use necessary equations or functions to calculate the value of missing Items Use necessary equations or functions to calculate net working capital, cash ratio, working capital, debt to equity and debt to assets.

Statement of Financial Position A Company December 31, 2010 Liabilities & Owners' Equity Assets Current Assets: Cash at bank Liabilities Current Liabilities: 100000 Accounts Receivable Accounts (A/R) Prepaid Expenses Total Current Assets Payable (A/P) Notes Payable (N/P) 15000 20000 55000 20000 Short-term Loans ??? 30000 Non- Current Assets: Total Current Liabilities Non-Current ??? 1000000 Liabilities: Long-term Loans Total Liabilities Owners' Equity Land Buildings 180000 300000 Cars 80000 ??? Furniture Total Non- Current Assets Intangible Assets: Publication 20000 Capital Retained ??? ??? Earnings Total Owners' Equity Total Liabilities & Owners' Equity 600000 Rights 50000 ??? Total Assets ??? ??? The above is the statement of financial position of a company at December 31, 2020. Required: Use necessary equations or functions to calculate the value of missing Items Use necessary equations or functions to calculate net working capital, cash ratio, working capital, debt to equity and debt to assets.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q2: Statement of Financial Position A Company December 31, 2010 Liabilities & Owners' Equity Assets Current Assets: Cash at bank Liabilities Current Liabilities: 100000 Accounts Receivable Accounts (A/R) Prepaid Expenses Total Current Assets Payable (A/P) Notes Payable (N/P) 15000 20000 55000 20000 Short-term Loans ??? 30000 Non- Current Assets: Total Current Liabilities ??? Non-Current Liabilities: Land 1000000 Long-term Loans Total Buildings 180000 300000 Cars 80000 Liabilities ??? Furniture 20000 Owners' Equity Total Non- Current Assets Intangible Assets: Publication Capital Retained ??? ??? Earnings Total Owners' 600000 Rights Equity Total Liabilities & Owners' Equity 50000 ??? Total Assets ??? ??? The above is the statement of financial position of a company at December 31, 2020. Required: Use necessary equations or functions to calculate the value of missing Items Use necessary equations or functions to calculate net working capital, cash ratio, working capital, debt to equity and debt to assets.
Transcribed Image Text:Q2: Statement of Financial Position A Company December 31, 2010 Liabilities & Owners' Equity Assets Current Assets: Cash at bank Liabilities Current Liabilities: 100000 Accounts Receivable Accounts (A/R) Prepaid Expenses Total Current Assets Payable (A/P) Notes Payable (N/P) 15000 20000 55000 20000 Short-term Loans ??? 30000 Non- Current Assets: Total Current Liabilities ??? Non-Current Liabilities: Land 1000000 Long-term Loans Total Buildings 180000 300000 Cars 80000 Liabilities ??? Furniture 20000 Owners' Equity Total Non- Current Assets Intangible Assets: Publication Capital Retained ??? ??? Earnings Total Owners' 600000 Rights Equity Total Liabilities & Owners' Equity 50000 ??? Total Assets ??? ??? The above is the statement of financial position of a company at December 31, 2020. Required: Use necessary equations or functions to calculate the value of missing Items Use necessary equations or functions to calculate net working capital, cash ratio, working capital, debt to equity and debt to assets.
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