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Calculate the Total equity . BALANCE SHEET CURRENT ASSETS CURRENT LIABILITIES Cash $6188 Account payable $9887 Account receivable $4841 Others $1255 Inventory $7377 FIXED ASSETS
Calculate the Total equity.
| BALANCE SHEET | |||
| CURRENT ASSETS | CURRENT LIABILITIES | ||
| Cash | $6188 | Account payable | $9887 |
| Account receivable | $4841 | Others | $1255 |
| Inventory | $7377 | ||
| FIXED ASSETS | Total long-term debt | $21225 | |
| Building & equipment | $37749 | ||
| You have the following information from the Income Statement | |
| Sales | $40354 |
| Cost of goods sold | $18940 |
| R&D expenses | $2011 |
| Interest | $1133 |
| Corporate tax | $1392 |
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To calculate total equity we need to subtract current liabilities from current ...
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
