1. Problem 3.01 (Balance Sheet) Problem Walk The assets of Dallas & Associates correly of current assets and not plant and equipment, and the firm has no excess cash. The firm has total assets of $2.7 million and not plant and equipment cquals $2.2 million. It has notes payablc of $140,000, long-term debt of $763,000, and total common cquity of $1.55 million. The firm does have accounts payable and accruals Its balance sheet. The firm only finances with debt and common cquity, so it has na preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered x 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. 2. What is the company's total debt? b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? $ c. What is the balance of current assets on the firm's balance sheet? Wh What is the balance of current liabilities on the firm's balance sheet e. 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 networking capitel? If your answer is zero, enter "0". 9. What is the What is the firm's net operating working capital? h. What is the monetary difference between your answers to part fand g? What does this difference indicate? -Select- Save & Continue Continue without saving