Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, Alberta, and its 2020 and 2019 balance sheets and income statements follow. Alberta Playground Inc. Balance Sheet ($000) Years Ended March 31 2020 2019 Assets Current assets Cash and cash equivalents Receivables Inventories Prepaid expenses and other assets Non-strategic investment Other current assets $ 77,991 $ 55,319 461,307 367,569 663,444 568,004 51,090 29,644 27,843 33,073 100 28,392 Total current assets Portfolio investment $1,314,748 $1,049,028 0 41,343 Property, Plant, & Equipment Goodwill 1,047,150 1,058,756 849,830 718,695 Trademarks and other intangibles 340,538 318,113 Other assets 138,943 94,416 Total assets $3,691,209 $3,280,351 Liabilities Current liabilities Bank loans $ 171,089 $ 62,072 Accounts payable and accrued liabilities 574,529 471,856 Income taxes payable 199,138 149,877 Current portion of long term debt 28,299 8,739 Total current liabilities $ 973,055 $ 692,544 Non-Current Liabilities 379,480 381,790 153,869 Long-term debt Other liabilities Total liabilities Equity Common shares Retained earnings Total equity Total liabilities and equity 189,483 $1,542,018 $1,228,203 $ 622,675 $ 589,749 1,526,516 1,462,399 $2,149,191 $2,052,148 $3,691,209 $3,280,351

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

Financial Accounting

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice

10th edition

324645570, 978-0324645576

More Books

Students also viewed these Accounting questions

Question

=+23. Advertising strategies EVPI.

Answered: 1 week ago