The assets of "Sentinel Industries" consist entirely of current assets and net plant and equipment. The firm has total assets of $8,400,000 and net plant and equipment of $3,200,000. The company has long-term debt of $1,800,000, and common equity of $2,900,000. The firm has no preferred stock. What is the balance of current liabilities on the firm's balance sheet?

The assets of "Sentinel Industries" consist entirely of current assets and net plant and equipment. The firm has total assets of $8,400,000 and net plant and equipment of $3,200,000. The company has long-term debt of $1,800,000, and common equity of $2,900,000. The firm has no preferred stock. What is the balance of current liabilities on the firm's balance sheet?

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter5: Risk Analysis

Section: Chapter Questions

Problem 6QE: A firm had the following values for the four debt ratios discussed in the chapter: Liabilities to...

See similar textbooks

Similar questions

What is the balance of current liabilities on the firm's balance sheet
What is the balance of current liabilities
Please solve this financial accounting question.
What is the balance of current liabilities pn the firm's balance sheet ?
I want answer
Can you please answer this accounting question ?
The assets of Face&Masks associates consist entirely of current assets and net plant and equipment. The firm has total assets of P2.5 Million, and net plant equipment of P2 Million. It has notes payable of P 150,000, long-term debt of P 750,000, and total common equity of P1.5 Million. 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 firm's operating working capital?
Calculate the market Value.
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.)
Need help with this question
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.
Accounting