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2. a. Arrange the following items in proper balance sheet format Cash .......... range the following items in a proper balance sheet format: .......... $300,000
2. a. Arrange the following items in proper balance sheet format Cash .......... range the following items in a proper balance sheet format: .......... $300,000 Accumulated depreciation.............. .......... 98,000 Retained earning.................. ..................20,000 ................136,000 Bond payable ......... ............. ....... ..................50,000 Account receivable ......................... 690,000 Plant and equipment - original cost ........... Account Payable .......... . ........35,000 Allowance for bad debts.......... .............8,000 Common stock, $1 par, 100,000 shares outstanding.. ................ 100,000 Inventory ........... 70,000 Preferred stock, $50 par, 1,000 shares outstanding ..............50,000 Marketable securities ...... ............ .. 20,000 Investment ..... ..24,000 Notes Payable ........... ..................... 33,000 Capital paid in excess of par (common stock) .......................... 114,000 b. Compute book value (net worth) per share of common stock. c. If the net earning is $160,000 and the P/E (Price Earning Ratio)=20, calculate the market value per share
2. a. Arrange the following items in proper balance sheet format
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