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Using Financial Statements for 2018-2019. Net book value per share of common stock for 2018 is $18.46

Using Financial Statements for 2018-2019. Net book value per share of common stock for 2018 is $18.46

FINANCIAL ACCOUNTING
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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Question 80

Using Financial Statements for 2018-2019. Net book value per share of common stock for 2018 is $18.46.

TRUE OR FALSE?

**Financial Statements Overview (2019 vs. 2018)** **Balance Sheet** *Assets:* - **Cash:** - 2019: $5,100,000 - 2018: $4,900,000 - **Marketable Securities:** - 2019: $102,000 - 2018: $98,000 - **Accounts Receivable:** - 2019: $1,632,000 - 2018: $1,568,000 - **Inventories:** - 2019: $2,856,000 - 2018: $2,744,000 - **Total Current Assets:** - 2019: $9,690,000 - 2018: $9,310,000 - **Property, Plant, & Equipment:** - 2019: $3,264,000 - 2018: $3,136,000 - **Other Fixed Assets:** - 2019: $2,703,000 - 2018: $2,597,000 - **Total Fixed Assets:** - 2019: $5,733,000 - 2018: $5,733,000 - **Total Assets:** - 2019: $15,657,000 - 2018: $15,043,000 *Liabilities & Equity:* - **Accounts Payable:** - 2019: $1,878,840 - 2018: $1,805,160 - **Notes Payable:** - 2019: $1,722,270 - 2018: $1,654,730 - **Accrued Expenses Payable:** - 2019: $1,409,130 - 2018: $1,353,870 - **Accrued Taxes Payable:** - 2019: $1,252,560 - 2018: $1,203,440 - **Total Current Liabilities:** - 2019: $6,262,800 - 2018: $6,017,200 - **Long-Term Debt:**
Transcribed Image Text:**Financial Statements Overview (2019 vs. 2018)** **Balance Sheet** *Assets:* - **Cash:** - 2019: $5,100,000 - 2018: $4,900,000 - **Marketable Securities:** - 2019: $102,000 - 2018: $98,000 - **Accounts Receivable:** - 2019: $1,632,000 - 2018: $1,568,000 - **Inventories:** - 2019: $2,856,000 - 2018: $2,744,000 - **Total Current Assets:** - 2019: $9,690,000 - 2018: $9,310,000 - **Property, Plant, & Equipment:** - 2019: $3,264,000 - 2018: $3,136,000 - **Other Fixed Assets:** - 2019: $2,703,000 - 2018: $2,597,000 - **Total Fixed Assets:** - 2019: $5,733,000 - 2018: $5,733,000 - **Total Assets:** - 2019: $15,657,000 - 2018: $15,043,000 *Liabilities & Equity:* - **Accounts Payable:** - 2019: $1,878,840 - 2018: $1,805,160 - **Notes Payable:** - 2019: $1,722,270 - 2018: $1,654,730 - **Accrued Expenses Payable:** - 2019: $1,409,130 - 2018: $1,353,870 - **Accrued Taxes Payable:** - 2019: $1,252,560 - 2018: $1,203,440 - **Total Current Liabilities:** - 2019: $6,262,800 - 2018: $6,017,200 - **Long-Term Debt:**
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