Question
ABC company has a net cash of 2,540 as of 31st December 2014. The inventories stand at 27,530. The accounts payable is 9,721, whereas the
ABC company has a net cash of 2,540 as of 31st December 2014. The inventories stand at 27,530. The accounts payable is 9,721, whereas the accounts receivables is 18,320. The notes payable and accrued taxes payable are 8,500 and 3,200 respectively. The company also has 'other current liabilities' of 4,102. The company has market securities of 1,800. It owns plant and equipment worth of 43,100 with an accumulated depreciation of 11,400. The company also has a long-term bond debt of 22,000. Prepare a balance sheet and find out 'total current assets', 'total gross fixed assets', 'net fixed assets', 'total assets', 'total current liabilities' and 'total liabilities. If the 'common stock ($10par)' is 13,000, 'paid in capital' in excess of par on common stock is 10,000, and retained earnings are 11,367, then calculate the 'Total stockholders' equity' and 'Total liabilities & equity'
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