Question
In: Finance
Create a mock balance sheet. Include numbers for each component (e.g. Current assets are 2,030, etc.)....
Create a mock balance sheet. Include numbers for each component (e.g. Current assets are 2,030, etc.). What areas within the balance sheet are involved networking capital? What is the formula for net working capital and the answer in your example?
Solutions
Expert Solution
|
XYZ Company |
|
|
Balance Sheet as at December 31, 2018 |
|
|
Assets |
|
|
Current assets |
|
|
Cash |
700,000.00 |
|
Marketable securities |
1,300,000.00 |
|
Accounts receivable (net) |
950,000.00 |
|
Inventories |
850,000.00 |
|
Prepaid expenses |
250,000.00 |
|
Total current assets |
4,050,000.00 |
|
Long-term investments |
2,000,000.00 |
|
Property, plant, and equipment (net) |
4,680,000.00 |
|
Total assets |
10,730,000.00 |
|
Liabilities |
|
|
Current liabilities |
|
|
Accounts Payables |
1,000,000.00 |
|
Salaries Payable |
2,000,000.00 |
|
Long-term liabilities |
|
|
Mortgage note payable |
500,000.00 |
|
Bonds payable |
1,330,000.00 |
|
Total long-term liabilities |
1,830,000.00 |
|
Total liabilities |
4,830,000.00 |
|
Stockholders' Equity |
|
|
Preferred Stock |
750,000.00 |
|
Common stock, |
850,000.00 |
|
Retained earnings |
4,300,000.00 |
|
Total stockholders' equity |
5,900,000.00 |
|
Total liabilities and stockholders' equity |
10,730,000.00 |
Net Working Capital = Total Current Assets – Total Current Liabilities
= $4,050,000.00 – [ $10,00,000.00 + 20,00,000.00 ]
= $4,050,000.00 - $30,50,000.00
= $10,50,000.00
“ Net Working Capital = $10,50,000.00 “
jeff jeffy answered 2 years agoRelated Solutions
Create a mock balance sheet. Include numbers for each component (e.g. Current assets are 2,030, etc.)....
Create a mock balance sheet. Include numbers for each
component (e.g. Current assets are 2,030, etc.). What areas within
the balance sheet are involved networking capital? What is the
formula for net working capital and the answer in your
example?
Complete the following Balance Sheet ASSETS Current Assets Cash
Complete the following Balance
Sheet
ASSETS
Current
Assets
Cash
$ 250,000
Accounts
Receivable
($_________
less allowance for Doubtful
Accounts)
$1,320,000
Inventory
$1,410,000
Total Current
Assets
$_________
Land
$_________
Plant &
Equipment ($2,800,000 less
Accumulated Depreciation
________)
$2,110,000
TOTAL
ASSETS
$5,390,000
LIABILITIES AND
STOCKHOLDERS EQUITY
Current
Liabilities
Accounts
Payable
$ 620,000
Notes
Payable to
banks
$ 130,000
Accrued
Wages
$________
Total...
Please create a vertical and horizontal analysis of the following balance sheet. 2009 2010 Assets Current...
Please create a vertical and horizontal analysis of the
following balance sheet.
2009
2010
Assets
Current Asset
Cash
3278
1844
Accounts Receivable
6954
11807
Inventory
17417
9628
Fixed Asset
Plant & Equipment
144500
158700
Total Assets
172149
181979
Liabilities
Current Liabilities
Accounts Payables
9250
13446
Wages Payable
1110
650
Property & Tax Payables
3650
4124
Non-Current Liabilities
Long-Term Debt
75800
92800
Owners' Equity
82339
70959
Total Liabilities
172149
181979
What are current assets? How are they shown on the balance sheet? What are non-current assets?...
What are current assets? How are they shown on the balance
sheet?
What are non-current assets? How are they shown on the balance
sheet?
Balance the budget sheet: Current Assets: Total Current Assets: Property and equipment: Other assets: Total Assets:...
Balance the budget sheet:
Current Assets:
Total Current Assets:
Property and equipment:
Other assets:
Total Assets:
Current liabilities:
Total Current Liabilities:
Total Liabilities:
Share holders equity
Total Liabilities & Share holders Equity:
Instructions: Please place the following items and amounts
in their correct locations on the balance sheet
Accounts
payable
$30,000
Accounts
receivable
$20,000
Investments
$10,000
Common
stock
$10,000
Additional paid-in capital
$20,000
Prepaid
expense
$4,000
Cash and
cash equivalents
$100,000
Deferred
revenue
$2,000
Notes
payable
$10,000
Inventory
$15,000
Retained...
Typical balance sheet classifications are as follows. Current Assets  
Typical balance sheet classifications are as follows.
Current
Assets
g. Long-Term Liabilities
Investments and
Funds
h. Capital Stock
Property, Plant and
Equipment
i. Additional Paid-In Capital
Intangible
Assets
j. Retained Earnings
Other
Assets
k. Notes to Financial Statements
Current
Liabilities
l. Not Reported on Balance Sheet
Indicate by use of the above letters how each of the following
items would be classified on a balance sheet prepared at December
31, 2014. If a contra...
Following is the current balance sheet for a local partnership of doctors:Cash and current assets $...
Following is the current balance sheet for a local partnership
of doctors:Cash and current assets $ 78,000 Liabilities $ 82,000
Land 242,000 A, capital 62,000 Building and equipment (net) 200,000
B, capital 82,000 C, capital 132,000 D, capital 162,000 Totals $
520,000 Totals $ 520,000 The following questions represent
independent situations: E is going to invest enough money in this
partnership to receive a 25 percent interest. No goodwill or bonus
is to be recorded. How much should E invest?...
The balance sheet for Bostick Corporation? follows: Ending balance Beginning balance ?Assets: Current? assets: Cash and...
The balance sheet for Bostick Corporation? follows:
Ending balance
Beginning balance
?Assets:
Current? assets:
Cash and cash equivalents
$52,600
?$44,600
Accounts receivable
$18,300
?$22,300
Inventory
$48,500
?$53,000
Total current assets
$119,400
?$119,900
?Property, plant, and equipment
?$287,800
?$275,300
Less accumulated depreciation
$109,000
?$101,550
Net? property, plant, and equipment
$178,800
?$173,750
Total assets
$298,200
?$293,650
Liabilities and? stockholders' equity:
Current? liabilities:
Accounts payable
?$26,030
?$29,580
Wages payable
?$41,600
?$47,100
Other accounts payable
$42,200
?$35,400
Notes payable
?$24,200
?$25,200
Total current liabilities...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the current balance sheet for a local partnership
of doctors:
Cash and current assets
$
78,000
Liabilities
$
70,000
Land
212,000
A, capital
50,000
Building and equipment
(net)
170,000
B, capital
70,000
C, capital
120,000
D, capital
150,000
Totals
$
460,000
Totals
$
460,000
The following questions represent independent
situations:
E is going to invest enough money in this partnership to receive
a 25 percent interest. No goodwill or bonus is to be recorded. How
much should E...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the current balance sheet for a local partnership
of doctors:
Cash and current assets
$
81,000
Liabilities
$
78,000
Land
236,000
A, capital
58,000
Building and equipment (net)
183,000
B, capital
78,000
C, capital
128,000
D, capital
158,000
Totals
$
500,000
Totals
$
500,000
The following questions represent independent
situations:
E is going to invest enough money in this partnership to receive
a 20 percent interest. No goodwill or bonus is to be recorded. How
much should E...
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