What is the balance of current assets

Assignment Help Finance Basics

Reference no: EM132056764

Problem: BALANCE SHEET

The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.7 million and net plant and equipment equals $2.3 million. It has notes payable of $155,000, long-term debt of $748,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet.

Write out your answers completely. For example, 25 million should be entered as 25,000,000. Enter negative amounts, if any, with a minus sign.

What is the company's total debt? $

What is the amount of total liabilities and equity that appears on the firm's balance sheet? $

What is the balance of current assets on the firm's balance sheet? $

What is the balance of current liabilities on the firm's balance sheet? $

What is the amount of accounts payable and accruals on its balance sheet? [Hint: Consider this as a single line item on the firm's balance sheet.] $

What is the firm's net working capital? $

What is the firm's net operating working capital? $

What is the monetary difference between your answers to part f and g? $

What does this difference indicate?

Reference no: EM132056764

Questions Cloud

Apply the empirical rule and the chebyshev rule : Consider a population of 1024 mutual funds that primarily invest in large companies You have determined that p, the mean one-year total percentage return

Find mean-variance and standard deviation of number : If a sample of 400 federal government employees are selected, find the mean, variance, and standard deviation of the number who use the US Postal Service.

Determine the number of kanban card sets needed : In setting up a kanban control system, you need to determine the number of kanban card sets needed.

How do the goals set for the marketing program : How do the goals set for the marketing program in the planning phase relate to the evaluation phase of the strategic marketing process

What is the balance of current assets : The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.7 million and net plant.

What correlation coefficient is appropriate : What correlation coefficient is appropriate for this type of data?

What is the cost of goods sold : Purrfect Pets uses the perpetual inventory system. At the end of the quarter the balance in inventory is $30,500. What is the cost of goods sold

What level of scaling is involved in problem : The teacher ranked a group of students for leadership ability and had another teacher rank the same children on attractiveness.

What is the stock standard deviation : What is the stock's expected return? What is the stock's standard deviation? What is the stock's coefficient of variation?

User Account

All Pages