Provide accounting answer Vertex Corp. has current assets of $1,725,600 and totalassets of $5,643,250 for the year ending December 31,2023. It also has current liabilities of $1,256,400,common equity of $1,900,000, and retained earnings of$1,875,000. How much long-term debt does the firmhave?a) $1,112,850b) $2,467,850c) $1,869,250d) $2,913,450

Step 1: Definition of Long-Term DebtLong-term debt refers to the portion of a company's liabilities…

Answered: Vertex Corp. has current assets of…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 11GI

See similar textbooks

Similar questions

Teakap, Inc., has current assets of $1,456,312 and total assets of $4,812,369 for the year ending September 30, 2016. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. What is the value of long term debt? A) $ 1,844,022 B) $ 2,303,010 C) $ 2,123,612 D) $ 803,010
How much long term debt does omega solutions have of this financial accounting question?
How much long-term debt does the firm have ?
Burkhart Corporation has the following data as of December 31, 2024: Total Current Liabilities $ 45,380 Total Stockholders' Equity Total Current Assets 35,720 Other Assets Long-term Liabilities 140,245 Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = $? 37,400 261,005 Debt to equity ratio
Barger Corporation has the following data as of December 31, 2024: Total Stockholders' Equity Total Current Liabilities Total Current Assets $ 36,210 58,200 181,630 Other Assets Long-term Liabilities Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = = C $? 45,600 269,640 Debt to equity ratio
Ava’s SpinBall Corp. lists fixed assets of $31 million on its balance sheet. The firm’s fixed assets have recently been appraised at $54 million. Ava’s SpinBall Corp.’s balance sheet also lists current assets at $24 million. Current assets were appraised at $44 million. Current liabilities’ book and market values stand at $6 million, and the firm’s book and market values of long-term debt are $26 million. Calculate the book and market values of the firm’s stockholders’ equity. Construct the book value and market value balance sheets for Ava’s SpinBall Corp. (Enter your answers in millions of dollars.) BOOK VALUE MARKET VALUE (in millions of dollars) Assets Current assets Fixed assets Total $0 $0 Liabilities and Equity Current liabilities Long-term debt Stockholders' equity Total $0 $0
How much long-term debt does the firm have?
Ava's SpinBall Corp. lists fixed assets of $21 million on its balance sheet. The firm's fixed assets have recently been appraised at $34 million. Ava's SpinBall Corp.'s balance sheet also lists current assets at $14 million. Current assets were appraised at $24 million. Current liabilities' book and market values stand at $4 million and the firm's book and market values of long-term debt are $23 million. Calculate the book and market values of the firm's stockholders' equity. Construct the book value and market value balance sheets for Ava's SpinBall Corp. (Enter your answers in millions of dollars.) Assets Current assets Fixed assets Total Liabilities and Equity BOOK VALUE $ SA MARKET VALUE (in millions of dollars) 0 $ 0 Current liabilities Long-term debt Stockholders' equity Total $ 0 $ 0
How much long term debt does the firm have? Please answer the accounting question
Ava’s SpinBall Corp. lists fixed assets of $12 million on its balance sheet. The firm’s fixed assets have recently been appraised at $16 million. Ava’s SpinBall Corp.’s balance sheet also lists current assets at $5 million. Current assets were appraised at $6 million. Current liabilities’ book and market values stand at $3 million and the firm’s book and market values of long-term debt are $7 million. Calculate the book and market values of the firm’s stockholders’ equity. Construct the book value and market value balance sheets for Ava’s SpinBall Corp.
Finney Corporation has the following data as of December 31, 2018: Compute the debt to equity ratio at December 31,2018. Total Current Liabilities $36,210 Total Stockholders' Equity $ ? Total Current Assets 32,670 Other Assets 33,500 Long-term Liabilities 204,970 Property, Plant, and Equipment, Net 330,610
please show your answer with workings and explanation.

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS