Solve this problem 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?

To determine the balance of current liabilities on the firm's balance sheet, we can follow these…

Answered: The assets of "Sample Company" consist…

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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The assets of Dallas & Associates consist entirely of current assets and net plant equipment. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1.5 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet.What is the amount of accounts payable and accruals on its balance sheet?
The assets of Dallas & Associates consist entirely of current assets and net plant equipment. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1.5 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet.What is the balance of current liabilities on the firm's balance sheet?
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)?
The market value of the equity of Thompson, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation and amortization. What is the enterprise value-EBITDA multiple for this company?
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.4 million and net plant and equipment equals $2.1 million. It has notes payable of $150,000, long-term debt of $760,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. a. What is the company's total debt? $ b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? $ c. What is the balance of current assets on the firm's balance sheet? $ d. What is the balance of current liabilities on the firm's balance sheet? $ e.…
Wims, Inc., has current assets of $5,760, net fixed assets of $25,500, current liabilities of $5,200, and long-term debt of $12,500. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.) b. How much is net working capital? (Do not round intermediate calculations.)
Wims, Inc., has current assets of $5844, net fixed assets of $23873, current liabilities of $2363, and long-term debt of $11,000. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
Grey Wolf, Inc., has current assets of $2,090, net fixed assets of $9,830, current liabilities of $1,710, and long-term debt of $4,520. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
The market value of the equity of Nina, Incorporated, is $594,000. The balance sheet shows $33,000 in cash and $204,000 in debt, while the income statement has EBIT of $105,000 and a total of $149,000 in depreciation and amortization. What is the enterprise value-EBITDA multiple for this company? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Bear Tracks, Inc., has current assets of $6,320, net fixed assets of $12,750, current liabilities of $1,425, and long-term debt of $7,130. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
None
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $3 million and net plant and equipment equals $2.7 million. It has notes payable of $145,000, long-term debt of $750,000, and total common equity of $1.5 million. Thi firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. a. What is the company's total debt? $ b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? $ c. What is the balance of current assets on the firm's balance sheet? $ d. What is the balance of current liabilities on the firm's balance sheet? $ e. What…

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