Question

In: Accounting

1- A) Find net fixed assets ANS: 99586 B) invested capital ANS: 58311 QUESTION: Cash &...

1- A) Find net fixed assets ANS: 99586

B) invested capital ANS: 58311

QUESTION:

Cash & Equivalents	31499
Short Term Investments	11044
Cash & Equivs & ST Investments	42543
Receivables (ST)	-
Inventories	10271
Current Tax Assets	-
Other Current Assets	0
Total Current Assets	52814
Gross Property Plant & Equip	-
Accumulated Depreciation	-
Net Property Plant & Equip	40707
Receivables (LT)	114497
Assets Held for Sale (LT)	-
Long Term Investments	2579
Intangible Assets	5945
Deferred LT Assets	5881
Discontinued Ops (LT Asset)	-
Other Assets	47053
Total Assets	269476
Accounts Payable & Accrued Exps	23036
Accounts Payable	-
Accrued Expenses	23036
Current Debt	59904
Other Current Liabilities	28510
Total Current Liabilities	111450
LT Debt & Leases	94428
Pensions & OPEB	24934
Discontinued Ops (LT Liab)	-
Deferred LT Liabilities	7405
Minority Interests	1122
Other Liabilities	17180
Total Liabilities	256519
Temporary Equity	-
Common Share Capital	19
Additional Paid-In Capital	4872
Retained Earnings	12461
Accum Other Comprehensive Income	-3562
Treasury Stock	833
For Curr Trans (BS)	-
Other Equity	0
Total Equity	12957
Total Liabilities & Equity	269476

Expert Solution

Calculation of net fixed asset:

Total assets269476

Less: current assets52814

Less: receivables(LT)114497

Less: long-term investments2579

Net fixed asset99586

Note: when there are long term receivables, it shall be treated as a long term investment instead of a fixed asset.

Gross Property Plant & Equip Nil

Net Property Plant & Equip 40707

Assets Held for Sale (LT) Nil

Intangible Assets 5945

Deferred LT Assets 5881

Discontinued Ops (LT Asset) Nil

Other Assets47053

Gross fixed asset99586

Less: Accumulated Depreciation Nil

Net fixed asset 99586

Note: company’s investments are taken under the head of investment in balance sheet

ekkarill92 answered 2 years ago

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