Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Using the corporate balance sheet data shown here calculate the company's net worth, working capital, and current ratio for both 1996 and 1995? CONSOLIDATED

image text in transcribed

image text in transcribed

1. Using the corporate balance sheet data shown here calculate the company's net worth, working capital, and current ratio for both 1996 and 1995? CONSOLIDATED BALANCE SHEETS (In thousands except per share data) November 30, ASSETS 1996 1995 Current assets Cash and cash equivalents Accounts receivable, including retentions of $28,348 and $14,513 Unbilled receivables Refundable income taxes Current portion of notes receivable Investments in and advances to construction joint ventures Deferred income taxes Other $ 48,310 222,341 101,564 10,806 3,000 24,538 31,291 17,399 459,249 $ 30,035 41,327 5,033 3,576 1,846 514 3,390 85,721 Total current assets Investments and other assets Securities available for sale, at fair value Investments in mining ventures Land held for sale or lease Assets held for sale Cost in excess of net assets acquired, net of accumulated amortization of 30,494 56,210 8,266 18,853 140,677 5,087 31,555 12,178 295,054 15,777 $2,177 and $1,013 Long-term notes receivable, net of current portion Deferred income taxes Other 1985 886 32,864 Total ivestments and other assets Property and equipment, at cost Construction equipment Land and improvements Buildings and improvements Equipment and fixtures Total property and equipment Less accumulated depreciatiorn Property and equipment, net Total assets 179,483 7,110 25,062 30,388 242,043 (156,709) 85,334 $839,637 99,608 28374 1,941 576 130499 (63,783) 66,716 $185,301 The accompanying notes are an integral part of the financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Computer Accounting With Quickbooks Online

Authors: Donna Kay

2nd Edition

1260590933, 9781260590937

More Books

Students also viewed these Accounting questions