Need help with this question The assets of "Sample Company" consist entirely ofcurrent assets and net plant and equipment. The firmhas total assets of $4,997,540 and net plant andequipment of $1,107,771. The company has notespayable of $149,789, long-term debt of $847,785, andcommon equity of $1,185,173. The firm has nopreferred stock.What is the balance of current liabilities on the firm'sbalance sheet?

Step 1: Introduction to the Current LiabilitiesCurrent liabilities are the debts of an organization…

Answered: The assets of "Sample Company" consist…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.3.1P: Effect of transactions on current position analysis Data pertaining to the current position of...

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The assets of BFIN 200 Ltd. consist exclusively of property, plant and equipment (PPE), and current assets. The firm has total assets of $96,000 and PPE equals $84,000. It has notes payable of $6,400, in addition to long-term debt of $26,000 and total common equity of $60,000. The firm finances its needs with debt and common equity and does not have preferred stock on its balance sheet. Calculate the amount of total liabilities and equity on the firm’s balance sheet. Calculate the balance of current assets on the firm’s balance sheet. Calculate the balance of current liabilities on the firm’s balance sheet. Calculate the amount of accounts payable and accruals on the firm’s balance sheet. Calculate the firm’s net operating working capital.
What is the balance of current liabilities pn the firm's balance sheet ?
4. The assets of J&R Associates consist entirely of Current Assets and net plant and equipment. The firm has total assets of P2,500,000, and and net plant equipment of P2,000,000. It has notes payable of P150,000, long-term debt of P750,000, and total common equity of P1,500,000. The firm does have accounts payable and accruals on its statement of financial position. The firm only finances with debt and common equity, so it has no preferred stock on its statement of financial position.What is the balance of current liabilities on the firm's statement of financial position?
2. The assets of J&R Associates consist entirely of Current Assets and net plant and equipment. The firm has total assets of P2,500,000, and and net plant equipment of P2,000,000. It has notes payable of P150,000, long-term debt of P750,000, and total common equity of P1,500,000. The firm does have accounts payable and accruals on its statement of financial position. The firm only finances with debt and common equity, so it has no preferred stock on its statement of financial position. What is the balance of current assets on the firm's statement of financial position?
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The assets of the Dallas Corporation consist entirely of current assets and net plant and equipment. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable $150,000, long-term debt $750,000 and total common equity $1.5 million. It only finances with debt and common equity, so no preferred stock on the balance sheet. What is the amount of total liabilities and equity that appears on the firm’s balance sheet? What is the balance of current assets on the firm’s balance sheet? What is the balance of current liabilities on the firm’s balance sheet? What is the amount of accounts payable and accruals on its balance sheet? Hint: Consider this as a single line item on the firm’s balance sheet. What is the firm’s net working capital? What is the firm’s net operating capital? What is the explanation for the difference in your answers to parts (e) and (f)?
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The following data (dollar amounts in millions) are taken from the financial statements of Aspect 1 Industries Inc. (Click the icon to view the data.) Required Complete the following condensed balance sheet Report amounts to the nearest million dollars Current assets Property, plant and equipment Less Accumulated depreciation Total assets Current liabilities Long-term liabilities Shareholders equity Total liabilities and shareholders' equity (Millions) Data table Total liabilities Preferred shares Total current assets Accumulated depreciation Debt ratio Current ratio $ 12.200 $ $ S 0 10,100 1,500 57% 1.90
Angela Corporation has the following selected assets and liabilities: Given the said data, determine the company’s net working capital. (check the photo) Choose the letter of correct answer a. P35,000.00b. P39,000.00c. P33,000.00d. P72,000.00e. P52,000.00
The Balance Sheet for Consolidated Industrial shows the following balances: common stock = $1,125,000; patents and copyrights = $480,000; accounts payable = $240,000; prepaid rent = $96,000; property plant and equipment = $2,760,000; inventory = $117,000; other LTD = $108,000; retained earnings = $1,380,000; Bonds = $900,000. What must the value for Cash be? Question 2 options: $396,000 $516,000 $66,000 $780,000 $300,000
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