BALANCE SHEET

The assets of Dallas & Associates consist entirelyof current assets and net plant and equipment. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable of $150,000, long-termdebtof $750,000, and total common equity of $1.5 million. The firm doeshave accounts payable and accruals on its balance sheet. The firm only finances with debt andcommon equity, so ti has no preferredstock on its balancesheet. a. What is the company's t o t a ldebt? b. What si the amount of total liabilities and equity that appears on the firm's balance sheet? c. What is the balanceof current assetson t h efirm'sbalance sheet? d. What is the balanceof current liabilities on the firm's balance sheet? e. What is the a m o u n tof accounts payable a n daccrualson its balance sheet? [Hint: Consider t h i sas a single line item on the firm's balance sheet.] .f What is the firm's net working capital? g. What si the firm's net operating working capital? h. What is the explanation for the difference in y o u ranswers to parts f and g?