Balance Sheet (Answer all) Cute Camel Woodcraft Company

- Cash and equivalents : 2,537 , 6385 or 6744 - Net Plant and Equipment : 12822, 11572 or 7563 - Total Current Liabilities : 1074, 1289 or 859 - Retained Earning : 13613, 5415, or 3610 Next part : Select one of the answers The Last Part is : Total Assets or Net Sales

2. Balance sheet Aa Aa The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company's financial condition and performance Cute Camel Woodcraft Company is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet. Cute Camel Woodcraft Company Balance Sheet for Year Ending December 31 (Millions of Dollars) Year 2 Year 1 Year 2 Year 1 Liabilities and equity Current liabilities: Assets Current assets: $0 $0 Cash and equivalents Accounts receivable Inventories $2,029 Accounts payable 743 2,178 $4,950 Accruals 928 2,722 $6,187 687 $687 2,063 $2,750 Notes payable 730 Total current assets Total current liabilities Net fixed assets Long-term debt 2,578 Net plant and equipment $6,050 Total debt $3,437 Common equity: Common stock 6,703 5,363 2,887 $8,250 $11,000 Retained earnings $10,313 $13,750 Total common equity Total assets $13,750 $11,000 abilities and equity Based on your understanding of the different items reported on the balance sheet and the information they provide, which statement regarding Cute Camel Woodcraft Company's balance sheet is consistent with U.S. Generally Accepted Accounting Principles (GAAP)? O The company's debts are listed in the order in which they are to be repaid O The company's debts should be listed in order of their liquidity O The company's debts should be listed from those carrying the largest balance to those with the smallest balance The preceding balance sheet for Cute Camel Woodcraft Company is an example of a standard balance sheet. If you were to create a common-size balance sheet, you would show the firm's assets and liabilities and the stockholders' equity as a percentage of