FINANCIAL MARKETS+INST (LL)-W/ACCESS
FINANCIAL MARKETS+INST (LL)-W/ACCESS
7th Edition
ISBN: 9781265319434
Author: SAUNDERS
Publisher: MCG
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Chapter 22, Problem 3DYU
Summary Introduction

To discuss: Runoff.

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3-4. (Preparing a balance sheet) Prepare a balance sheet from the following informa- LO2 tion. What is the net working capital and debt ratio? Cash $50,000 Account receivables 42,700 Accounts payable 23,000 Short-term notes payable 10,500 Inventories 40,000 Gross fixed assets 1,280,000 Other current assets 5,000 Long-term debt 200,000 Common stock 490,000 Other assets 15,000 Accumulated depreciation 312,000 Retained earnings ? MyLab
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