Question
In: Finance
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.6 million and net plant and equipment equals $2.2 million. It has notes payable of $140,000, long-term debt of $755,000, 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?
Solutions
Expert Solution
Conslidated Balance sheet of Dallas & Associates
| Assets | Liabilities | ||
| $ | $ | ||
| Non-Current Assets | Non Current Liabilties | ||
| Plant & Equipment | 2200000 | Equity | 1450000 |
| Long-Term Debt | 755000 | ||
| Current Asset( Balancing Figure*) | 400000 | Current Liabilities | |
| Notes Payable | 140000 | ||
| Acconts Payable & Accruals(Balancing Figure) | 255000 | ||
| Total Assets | 2600000 | Total Liabilities | 2600000 |
*Current Assets= Total Assets - Non current assets
a) Total Debt = Long Term Debt+Notes payable + current liabilities
= 755000+140000+255000
= $1150000
b) Total Liabilities = Current Liabilities+ Non Cuurent Liabilites
= 395000+2205000
=$2600000
c)By looking at the balance sheet
Current Assets= Total Assets - Non current assets
= 2600000- 2200000
=$400000
d)Balance of current liabilities= Total Assets - (Equity+ Notes Payable+Long Term Debt)
= 2600000- (1450000+755000+140000)
=2600000-2345000
=$255000
jeff jeffy answered 1 year agoRelated Solutions
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment. The firm has total
assets of $3 million and net plant and equipment equals $2.6
million. It has notes payable of $150,000, long-term debt of
$746,000, and total common equity of $1.55 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 The assets of Dallas & Associates consist entirely of current assets and net plant...
Balance Sheet The assets of Dallas & Associates consist
entirely of current assets and net plant and equipment. The firm
has total assets of $2.5 million and net plant and equipment equals
$2 million. It has long-term debt of $750,000, and total common
equity of $1.5 million. The firm only finances with debt and common
equity, so it has no preferred stock on its balance sheet.
a. What is the amount of total liabilities and equity that
appears on the...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment. The firm has total
assets of $2.9 million and net plant and equipment equals $2.6
million. It has notes payable of $155,000, long-term debt of
$747,000, and total common equity of $1.55 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 The assets of Dallas & Associates consist entirely of current assets and net plant...
Balance Sheet
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment. The firm has total
assets of $2.6 million and net plant and equipment equals $2.2
million. It has notes payable of $155,000, long-term debt of
$746,000, 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 The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET The assets of Dallas & Associates consist
entirely of current assets and net plant and equipment. The firm
has total assets of $5 million and net plant and equipment equals
$3.5 million. It has notes payable of $500,000, long-term debt of
$2,000,000, and total common equity of $1.75 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 The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment. The firm has total
assets of $2.5 million and net plant and equipment equals $2.2
million. It has notes payable of $140,000, long-term debt of
$745,000, 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 The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment. The firm has total
assets of $2.6 million and net plant and equipment equals $2.2
million. It has notes payable of $145,000, long-term debt of
$750,000, and total common equity of $1.55 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 The assets of Dallas & Associates consist entirely of current assets and net plant...
BALANCE SHEET
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment. The firm has total
assets of $2.5 million and net plant and equipment equals $2
million. It has notes payable of $150,000, long-term debt of
$751,000, 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...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment,...
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment, and the firm has no
excess cash. The firm has total assets of $2.7 million and net
plant and equipment equals $2.4 million. It has notes payable of
$160,000, long-term debt of $755,000, 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...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment....
The assets of Dallas & Associates consist entirely of
current assets and net plant and equipment. The firm has total
assets of $2.8 million and net plant and equipment equals $2.5
million. It has notes payable of $140,000, long-term debt of
$745,000, and total common equity of $1.55 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....
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Given an array of Student type and size 10, create a linked list of students by...
- Magnolia Manufacturing makes wing components for large aircraft. Kevin Choi is the production manager, responsible for...
- Pompeii Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a...
- INPUT FILE INTO ARRAY. CHECKING FOR COMMAS AND SUCH. HOW TO DO? void readFile(Candidate candidates[]) –...
- (C++) How do I go about obtaining the origin of a point via an instance variable?...
- Do relativism and subjectivism generate contradictions? Why might someone accuse the theories of doing so? How...
- (1) Define the term identifier as a name for something, such as a variable, constant, or...
ADVERTISEMENT