Balance Sheet: The assets of Dallas & Associates consist

entirely of current assets and net plant and equipment, and the

firm has no excess cash. The firm has total assets of $$2\mathrm{.}5$ million

and net plant and equipment equals $$2$ million. It has notes

payable of $$150,000,$ long$-$term debt of $$750,000,$ and total

common equity of $$1\mathrm{.}5$ million. The firm does have accounts

payable and accruals on its balance sheet. The firm only

finances with debt and common equity, so it has no preferred

stock on its balance sheet.

From the data above, we know the following $($fill the yellow

highlighted cells in table after you have answered b thru h$)$:

Balance Sheet

Current assets

Net plant and

equipment

Total Assets

$??$ Accounts payable and

accruals

$2,000,000$ Notes Payable

Current liabilities

Long$-$term debt

Total common equity

$$2,500,000$ Total liabilities and

equity

$??$

$150,000$

$$250,000$

$750,000$

$1,500,000$

$??$

a$.$ What is the company's total debt? As a sample, it's done

for you. Write your answers similarly.

Total debt $=$ Short$-$term debt $+$ Long$-$term debt

Total debt $=$$$150,000+$$$750,000$

Total debt $=$$$900,000.$

b$.$ What is the amount of total liabilities and equity that

appears on the firm's balance sheet?

c$.$ What is the balance of current assets on the firm's balance

sheet?

d$.$ What is the balance of current liabilities on the firm's

balance sheet?

e$.$ What is the amount of accounts payable and accruals on its

balance sheet? $($Hint: Consider this as a single line item on

the firm's balance sheet.$)$

f$.$ What is the firm's net working capital?

g$.$ What is the firm's net operating working capital?

h$.$ What is the explanation for the difference in your answers

to parts $f$ and $g?$