The Tomis Company's balance sheet has: Assets of $6,500; Contributed Capital of $3,000; and Retained earnings of $200. What are liabilities on the balance sheet? a. $9,700 b. $3,200 c. $3,300 d. $8,300 e. None of the above.
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- Subject:- General AccountMC.03.083.Algo Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have? Cash Accounts receivable Inventory Current assets Net fixed assets Total assets O a. $400 b. $1,770 O c. $2,200 d. $470 e. $830 $ 70 Accounts payable 720 Accruals 510 $1,300 1,000 Notes payable Current liabilities Long-term debt Common equity Retained earnings $2,300 Total liab. & equity $ 250 220 430 Question 3 of 40 $ 900 640 260 500 $2,300can you please solve this
- If total liabilities amount to P400,000 which 1⁄3 of the total assets, what is the amount of the residual interest of the business?provide correct answer meBased on the information below of FDNACCT Co., how much should be recorded as total assets in the Statement of Financial Position? Long-term Payable Notes Payable Property, Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Unearned Income Notes Receivable Prepaid Insurance Accrued Expense Accrued Revenue P500,000 120,000 831,000 50,000 65,000 121,000 76,000 15,345 259,000 56,700 37,890 154,840
- 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. P52,000.00EX.17-179.ALGO The following information was from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $2,049,082 504,700 686,080 2,144,000 Round your answers to two decimal places. a. Determine the company's ratio of fixed assets to long-term liabilities. b. Determine the company's ratio of liabilities to stockholders' equity.Answer? ? General Accounting question
- Fill in the blanks: If the liabilities of the business amount to P120,000 and its residual interest amounts to P195,000, then is the amount of the economic resources of the business. ( Previous Continue >Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets Current liabilities: Current debt Accounts payable Other current liabilities Total current liabilities ACME Corporation Wayne Enterprises 2-b) Which company has the better ratio? a.) ACME Corporation b.) Wayne Enterprises $ 416 6 545 10,551 1,316 $ 12,834 $8,821 1,827 1,014 $ 11,662 $ 305 = 498 226 8,809 275 $ 10,113 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Acid-Test Ratio ACME Corporation Wayne Enterprises $ 4,136 1,081 2,325 $ 7,542The following summarised statement of financial position is available for L Co. $'000 $'000 Non-current assets 31,250 Current assets Inventory 35,000 Receivables 40,000 Cash 1,250 107,500 EQUITY AND LIABILITIES Capital and reserves 47,500 Current liabilities (payables only) 60,000 107,500 What is the value of the acid test ratio?