Using the table below create SinCo's Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Inventory 300 328 Common Stock and Paid-in Capital 2,200 2,200 Accounts Payable 300 333 Accounts Receivable 400 412 Net Fixed Assets 5,000 4,912 Retained Earnings 1,000 1,265.49 (Balance Sheet) Long-Term Debt 2,000 2,489 Notes Payable 1,000 761 ICash 800. Balance Sheet Questions: What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Total Current Liabilities What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current Assets
Using the table below create SinCo's Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Inventory 300 328 Common Stock and Paid-in Capital 2,200 2,200 Accounts Payable 300 333 Accounts Receivable 400 412 Net Fixed Assets 5,000 4,912 Retained Earnings 1,000 1,265.49 (Balance Sheet) Long-Term Debt 2,000 2,489 Notes Payable 1,000 761 ICash 800. Balance Sheet Questions: What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Total Current Liabilities What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current Assets
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Using the table below create SinCo's Balance Sheet for the Prior Year and Current Year, and then answer the questions that are
below. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Prior Year
Current Year
Inventory
300
328
Common Stock and
Paid-in Capital
2,200
2,200
Accounts Payable
300
333
Accounts Receivable 400
412
Net Fixed Assets
5,000
4,912
Retained Earnings
1,000
1,265.49
(Balance Sheet)
Long-Term Debt
2,000
2,489
Notes Payable
1,000
761
ICash
800.
Balance Sheet Questions:
What is the current year's Total Liabilities and
Shareholders Equity
What is SinCo's current year's Total Assets
What is SinCo's current year's Total Current Liabilities
What is SinCo's current year's Cash Balance
What is SinCo's current year's Total Current Assets
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