Question

In: Finance

Arredondo, Inc., has current assets of $2,076, net fixed assets of $10,157, current liabilities of $684, and long-term debt of $1,753.

 

Arredondo, Inc., has current assets of $2,076, net fixed assets of $10,157, current liabilities of $684, and long-term debt of $1,753. What is the value of the shareholders’ equity account for this firm?

Solutions

Expert Solution

Calculation of value of shareholder's equity

particulars        Amount        particulars                 Amount

Current asset      2076         Current liabilities            684

net fixed asset   10157      long term debt                1753   

                                          Share holder's equity       9796

Total                 12233         Total                              12233

 

Share holder's equity=Total assets-total liabilities

here,

total assets=current asset+net fixed assets

= 2076 + 10157

= 12233

 

Total liabilities = current liabilities + long term debt

= 684 + 1753

= 2437

Shareholder's equity = 12233 - 2437

= 9796

Shareholder's equity = $9796


Shareholder's equity = $9796

Related Solutions

Bing, Incorporated, has current assets of $4,750, net fixed assets of $23,900, current liabilities of $3,000, and long-term debt of $13,400.
Bing, Incorporated, has current assets of $4,750, net fixed assets of $23,900, current liabilities of $3,000, and long-term debt of $13,400.a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations.)b. How much is net working capital? (Do not round intermediate calculations.)a. Shareholders' equity _____b. NWC ______
Bing, Incorporated, has current assets of $4,750, net fixed assets of $23,900, current liabilities of $3,000, and long-term debt of $13,400.
Bing, Incorporated, has current assets of $4,750, net fixed assets of $23,900, current liabilities of $3,000, and long-term debt of $13,400.a. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations.)b. How much is net working capital? (Do not round intermediate calculations.)a. Shareholders' equity _____b. NWC ______
Kroeger, Inc., has current assets of $2,320, net fixed assets of $10,800, current liabilities of $1,425,...
Kroeger, Inc., has current assets of $2,320, net fixed assets of $10,800, current liabilities of $1,425, and long-term debt of $4,130. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1: What is the value of the shareholders’ equity account for this firm?   Shareholder's equity $    Requirement 2: How much is net working capital?   Net working capital
Wilberton’s has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and...
Wilberton’s has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700. If inventory is $173,900, what is the current ratio? Show your calculations! A. 1.18    B. 0.52 C. 2.01 D. 1.94 2. NDG is a firm financed with 45 percent debt and 55 percent equity. What is the equity multiplier? Show your calculations! 100% 55% 45% 1.82 3. A firm’s total current liabilities increased from 200 to 220 within a year....
Ruskin has the following balance sheet: Current assets $30,000,000, Current liabilities $10,000,000, Fixed assets 60,000,000, Long-term...
Ruskin has the following balance sheet: Current assets $30,000,000, Current liabilities $10,000,000, Fixed assets 60,000,000, Long-term debt 25,000,000, Common stock (1 million shares) 1,000,000, Retained earnings 39,000,000, Preferred Stock 15,000,000, Total assets $90,000,000, Total claims $90,000,000. The current liabilities consist entirely of notes payable to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. These bank loans are not used for seasonal financing but instead are part of the company’s...
On December 31, Nate Inc. reported the following (in millions): Current Assets Current Liabilities Long-term Liabilities...
On December 31, Nate Inc. reported the following (in millions): Current Assets Current Liabilities Long-term Liabilities Equity $4,863 $4,544 $5,939 $1,305 What amount did the company report as total assets? Select one: a. $6,925 million b. None of the these are correct. c. $16,651 million d. $10,483 million e. $14,041 million
The Holtzman Corporation has assets of $444,000, current liabilities of $51,000, and long-term liabilities of $71,000....
The Holtzman Corporation has assets of $444,000, current liabilities of $51,000, and long-term liabilities of $71,000. There is $35,500 in preferred stock outstanding; 20,000 shares of common stock have been issued.   a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)    b. If there is $25,700 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 19 times earnings per share, what is the current price of the stock? (Do not...
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance...
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance sheet information for two companies in the food industry, Santa Fe Company and Madrid Company, is as follows (in thousands): Santa Fe Madrid Net property, plant, and equipment $634,720 $816,800 Current liabilities 257,307 599,208 Long-term debt 587,116 588,096 Other long-term liabilities 206,284 228,704 Stockholders' equity 256,270 321,820 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place....
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance...
Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance sheet information for two companies in the food industry, Santa Fe Company and Madrid Company, is as follows (in thousands): Santa Fe Madrid Net property, plant, and equipment $743,280 $574,700 Current liabilities 331,320 466,878 Long-term debt 687,534 413,784 Other long-term liabilities 241,566 160,916 Stockholders' equity 300,100 226,430 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place....
Accounting for debt is important in businesses. Understanding the accounting for current and long-term liabilities is...
Accounting for debt is important in businesses. Understanding the accounting for current and long-term liabilities is important in understanding the solvency of a business. In this Discussion, you will look at how businesses finance operations through debt. Sunner Company obtains $20,000 in cash by signing a 9%, 6-month, $20,000 note payable to First Bank on July 1. Sunner's fiscal year ends on September 30. What information should be reported for the note payable in the annual financial statements? What disclosure...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT