Sybarix Group prepared its financial statements for 2015 based on the information below. The company had cash of $1,206, inventory of $14,290, and accounts receivables of $6,589. The company's net fixed assets were $42,412, and other assets were $2,822. It had accounts payable of $11,580, notes payable of $2,886, common stock of $21,800, and retained earnings of $14,368. How much long-term debt did the firm have? a. $12,314 b. $16,685 c. $18,334 d. $22,342
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![Sybarix Group prepared its financial statements
for 2015 based on the information below. The
company had cash of $1,206, inventory of
$14,290, and accounts receivables of $6,589.
The company's net fixed assets were $42,412,
and other assets were $2,822. It had accounts
payable of $11,580, notes payable of $2,886,
common stock of $21,800, and retained earnings
of $14,368. How much long-term debt did the
firm have?
a. $12,314
b. $16,685
c. $18,334
d. $22,342](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F275f62a2-0912-4bdf-81e6-d820c7098746%2F956de598-e1de-42eb-a3bf-f3f01099a52b%2Frxdg6y_processed.jpeg&w=3840&q=75)
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- Given the following information about Sandhill Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and marketable securities of $25,135, accounts receivables of $43,758, inventory of $168,500, net fixed assets of $320,700, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $224,500, and common stock of $150,000. How much retained earnings did the firm have?how much long-term debt did the firm have? general accountingHow much long term debt did the firm have? General accounting
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- How much long-term debt did the firm have?How much long-term debt did the firm have? fINANCIAL ACCOUNTConsider the following financial data for Terry Enterprises: Balance Sheet as of December 31, 2018 Cash $ 86,000 Accounts payable $ 15,500 Accts. receivable 91,500 Notes payable 93,500 Inventories 65,500 Accruals 19,500 Total current assets $ 243,000 Total current liabilities $ 128,500 Long-term debt 162,500 Net plant & equip. 419,500 Common equity 371,500 Total assets $ 662,500 Total liab. & equity $ 662,500 Statement of Earnings for 2018 Industry Average Ratios Net sales $ 642,500 Current ratio 2.2× Cost of goods sold 482,000 Quick ratio 1.7× Gross profit $ 160,500 Days sales outstanding 44 days Operating expenses 119,500 Inventory turnover 6.7× EBIT $ 41,000 Total asset turnover 0.6× Interest expense 14,500 Net profit margin 7.2% Pre-tax earnings $ 26,500…
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