Answered step by step
Verified Expert Solution
Question
1 Approved Answer
20x1 20x2 Cash Marketable Securities Accounts Receivable 31,257 53,243 34,120 53,700 25,100 42,030 Inventory 26,130 11,025 Prepaid Expense 13,560 24,000 Equipment 525,000 850,000 Accumulated Depreciation
20x1 20x2 Cash Marketable Securities Accounts Receivable 31,257 53,243 34,120 53,700 25,100 42,030 Inventory 26,130 11,025 Prepaid Expense 13,560 24,000 Equipment 525,000 850,000 Accumulated Depreciation (132,100) (253,674) Total Assets 523,067 780,324 Current Liablities Accounts Payables 14,300 11,000 Accrued Expense 12,107 10,200 Dividends Payable 24,253 35,600 Mortgage Payable(Current) 42,200 27,500 Mortgage Payable(long-term) 320,560 250,640 Common Stock 157,230 235,410 Treasury Stock (23,221) (37,521) Retained Earnings 55,258 167,243 Total Liabilities and Owner's Equity 602,687 700,072 1) Please re-arrange accounts in Current Assets and current liabilities 2)Please show me the break-down Current Assets list with amounts and total for 20x1 and 20x2 3)Please show me the break-down Current Liabilities list with amounts and total for 20x1 and 20x2 4)Please calculate the amount change and percentage change for 20x1 and 20x2 Net Working Capital
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started