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Ch 03: Homework Problems-Pal Statements, Cash Flow, and Taxes The assets of Dallas & Associate cost entirely of current assets and net plant and
Ch 03: Homework Problems-Pal Statements, Cash Flow, and Taxes The assets of Dallas & Associate cost entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $3 million and net plant and equipment equals $2.7 million. It has notes payable of $150,000, long-term debt of $759,000, and total common equity of $1.45 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. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. a. What is the company's total debt? $ 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 sinc $ f. What is the firm's net working capital? If your answer is zero, enter "0 McAfee X Remember, every device you own can be protected by McAfee Go aheat, add cea phone zy mitosie phones, the m Cover another de What is the firm's net operation workinin canitat
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