Assets Liabilities & Owners’ Equity
Cash $500,000 Accounts Payable 0
Accounts Receivable $550,000 Notes Payable
$600,000
Inventory $750,000 Accruals $400,000
Total Current Assets $1,800,000 Total Current Liabilities
1,000,000
Net Plant & Equip $6,200,000 Long-Term Debt $4,000,000
Total Debt $5,000,000
Retained Earnings $1,500,000
Stockholders’ Equity $1,500,000
Total Equity 3,000,000
Total Assets $8,000,000 Total Liabilities & Owners’ Equity
$8,000,000
You currently work for Capital One Financial. The firm is
interested in pursuing a new banking project, but they are unsure
of where and...