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1. total current liabilities 2. total long term assets 3. total long term liabilities 4. total liabilities 5. net worth 6. total assets please show
1. total current liabilities 2. total long term assets 3. total long term liabilities 4. total liabilities 5. net worth 6. total assets
please show your work if you could so I can better understand.
Solving the Balance Sheet Puzzle Now that you are an expert on balance sheet ratio analysis, use your knowledge to complete the following balance sheet which is missing various pieces of information. You will have to work through the balance sheet puzzle to solve for the missing categories, I assure you all of the necessary parts are included. You will probably want to do some work on a scratch sheet of paper to noodle with the numbers. Here is key information that you will need to solve the puzzle; 0.5, the current ratio = 2.0, and the debt to equity ratio the debt to asset ratio 1.0. Calculate the missing information from the Balance Sheet, lettered (a) through (f). A few helpful hints 1) remember the fundamental accounting equation and 2) also you do not necessarily solve the questions in sequential order, you will have to jump around a bit. Assets Total current assets: $1,680,000 Total intermediate assets: $4,800,000 Total long-term assets: (b) Total assets: (e) Liabilities Total current liabilities: (a) Total intermediate liabilities: $4,800,000 Total long-term liabilities: (c) Total liabilities: (d) Net worth: (f) Total liabilities + net worth = $18.480,000 46FStep by Step Solution
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