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Balance Sheets Following is selected information from the balance sheet for Touret Inc., financial statements. Solve for the missing amounts for each year. Because
Balance Sheets Following is selected information from the balance sheet for Touret Inc., financial statements. Solve for the missing amounts for each year. Because the financial statements are connected from one year to the next by the Retained Earnings, you may need to use the numbers from the year before or the year after to solve for a number for the target year. Also, this problem includes a common metric, the working capital. Year 20X1 20X2 20X3 20X4 20X5 Current assets (CA) A $2,736 L $2,778 X Noncurrent assets $4,002 F $3,900 R $4,805 Total assets 6,748 G M 7,008 Y Current liabilities (CL) 1,536 H N S 1,463 Noncurrent liabilities B 2.345 0 2,206 2,252 Contributed capital 1,250 I P 1,300 Z Retained earnings (ending) 1,750 J 1,756 T 1,924 Total stockholders' equity C 3,091 3,056 U AA Total liabilities and stockholders' equity Working capital (CA - CL) Net income (loss) Dividends DEMM K 6,916 7,008 BB 935 1,331 V 771 NA 105 Q 55 135 NA 14 9 W 12 Required Solve for the missing amounts for each of the five years.
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