What is the dollar amount of total assets on these general accounting question? Use the data given below:Current liabilities total$500,000Non-current liabilities total $750,000Owners' investment totals $250,000Retained earnings totals$400,000What is the dollar amount of total assets?

Step 1: Define AssetsAssets can be defined as something of value that a company uses in the business…

Answered: Use the data given below: Current…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

See similar textbooks

Similar questions

The following is selected financial data from Block Industries: How much does Block Industries have in current liabilities? A. $19,800 B. $18,300 C. $12,300 D. $25,800
what is the answer of a?
What is the amount of the net fixed assets on these general accounting question?
Based on the following data, what is the amount of current assets? Accounts payable $62000 Accounts receivable 116000 Cash 66000 Intangible assets 116000 Inventory 142000 Long-term investments 161500 Long-term liabilities 199000 Short-term investments 85000 Notes payable 56500 Property, plant, and equipment 132000 Prepaid insurance 2500
General Accounting
What is the amount of the net fixed assets?
Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratio
What is the value of the current liabilities?
6
Given the following, calculate total current assets. Prepaid insurance=$300Long-term investments=$1,200Cash=$540Prepaid Rent=$2,050Inventory=$640Plant assets, at cost=$16,800Accounts receivable=$5,900Accumulated depreciation=$6,600
Help calculating Balance sheet items with limited information. Specifically need to know how to calculate these: cash, A/R (net) Iinventory Property, plant, and Equipment (net) current liabilities long-term liabilities shareholder equity Known info-Interest expense of $9 and income tax expense of $26 debt to equity ratio 1.0 current ratio 2.0 Acid-test ratio 1.0 times interest earned ratio 10 times return on assets 25%Return on equity 50%profit margin on sales 10%gross profit margin 30%inventory turnover 9 times receivables turnover 15 times.
What is the value of the current liabilities?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

College Accounting (Book Only): A Career Approach

Accounting

ISBN:

9781337280570

Author:

Scott, Cathy J.

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

SEE MORE TEXTBOOKS

Use the data given below: Current liabilities total $500,000 Non-current liabilities total $750,000 Owners' investment totals $250,000 Retained earnings totals $400,000 What is the dollar amount of total assets?