In: Finance
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 $2.6 million and net
plant and equipment equals $2.1 million. It has notes payable of
$155,000, long-term debt of $755,000, 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.
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?
$