Your firm has the following data from the balance sheet: The current liabilities $ 805,000 Total...

Your firm has the following data from the balance sheet: The current liabilities $ 805,000 Total assets $ 2,655,000 Fixed and other assets $ 1,770,000 Long term debt $ 200,000

a. what is the amount of current assets? b. What is the amount of stockholders equity of the firm? c. What is the amount of Net working capital of the firm?

Solutions

Expert Solution

Given,

Current liabilities = $805000

Total assets = $2655000

Fixed and other assets = $1770000

Long term debt = $200000

Solution :-

(a)

Current assets = Total assets - Fixed and other assets

= $2655000 - $1770000 = $885000

(b)

Stockholders' equity = Total assets - Current liabilities - Long term debt

= $2655000 - $805000 - $200000 = $1650000

(c)

Net working capital = Current assets - Current liabilities

= $885000 - $805000 = $80000

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets...

Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,886,875; net fixed assets of $1,842,823; and long-term debt of $200,000. What is the amount of the firm's total current assets?

Your company has the following balance sheet characteristics: Total Assets = $1,000,000,000; Current Liabilities = $100,000,000;...

Your company has the following balance sheet characteristics: Total Assets = $1,000,000,000; Current Liabilities = $100,000,000; Long Term Debt = $300,000,000; Current Book Value Equity = $600,000,000; Shares Outstanding = 80,000,000; Current Market Price, P0 = $30: What is the current Book Value per share (Book Value), the current Market Value per Share and the Market Value Added per share? Does your firm create wealth for stockholders? Book Value per Share = Market Value per Share = Market Value Added...

Killer Whale, Inc. has the following balance sheet statement items: total current liabilities of $659,565;

Killer Whale, Inc. has the following balance sheet statement items: total current liabilities of $659,565; net fixed and other assets of $1,517,190; total assets of $3,024,337; and long-term debt of $945,015. What is the amount of the firm’s current assets?

Calculate total current assets and total current liabilities that would appear in the company’s year-end balance sheet.

The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year:cash, $16,000accounts receivable, $11,000inventories, $25,000equipment (net), $80,000accounts payable, $14,000wages payable, $9,000interest payable, $1,000note payable (due in 18 months), $30,000common stock, $50,000Calculate total current assets and total current liabilities that would appear in the company’s year-end balance sheet.

The classified balance sheet for a company reported current assets of $1,299,200, total liabilities of $805,540,...

The classified balance sheet for a company reported current assets of $1,299,200, total liabilities of $805,540, Common Stock of $1,060,000, and Retained Earnings of $136,260. The current ratio was 2. What is the total amount of noncurrent assets? a) $702,600 b)$649,600 c)$493,660 d)$102,940

The following data are taken from the balance sheet at the end of the current year....

The following data are taken from the balance sheet at the end of the current year. Cash $154,000 Accounts receivable 210,000 Inventory 240,000 Prepaid expenses 15,000 Marketable securities 350,000 Property, plant, and equipment 375,000 Accounts payable 245,000 Accrued liabilities 4,000 Income tax payable 10,000 Notes payable, short-term 85,000 Determine the working capital.

The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $137,834 Common...

The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $137,834 Common Stock $49,489 Retained Earnings $35,187 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable...

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable $ 5,000 Accounts receivable 153,000 Long-term debt 109,000 Inventory 89,000 Common stock ($8 par; 32,000 4,000 shares outstanding) Plant and equipment 190,000 Additional paid-in capital 148,000 Retained earnings 143,000 $437,000 $437,000 Construct a new balance sheet showing the impact of a four-for-one split. If the current market price of the stock is $55, what is the price after the split? Round the par value...

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable...

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable $ 5,000 Accounts receivable 158,000 Long-term debt 111,000 Inventory 72,500 Common stock ($9 par; 31,500 3,500 shares outstanding) Plant and equipment 210,000 Additional paid-in capital 150,000 Retained earnings 148,000 $445,500 $445,500 A. Construct a new balance sheet showing the impact of a three-for-one split. If the current market price of the stock is $56, what is the price after the split? Round the par...

Lansing Company’s 2016 income statement and selected balance sheet data (for current assets and current liabilities)...

Lansing Company’s 2016 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2015 and 2016, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2016 Sales revenue $ 63,000 Expenses Cost of goods sold 19,000 Depreciation expense 5,000 Salaries expense 9,000 Rent expense 2,000 Insurance expense 1,900 Interest expense 1,900 Utilities expense 1,200 Net income $ 23,000 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2016 2015 Accounts receivable $...

Subjects