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Consider the balance-sheet entries for TEDU-IE Corporation. Cash $120,000 Accounts Receivable $104,000 Inventory $84,000 Store Equipment $252,000 Other Assets $52,500 Mortgage Payable (due in 3
Consider the balance-sheet entries for TEDU-IE Corporation. Cash $120,000 Accounts Receivable $104,000 Inventory $84,000 Store Equipment $252,000 Other Assets $52,500 Mortgage Payable (due in 3 years) $169,000 Notes payabale (due in 10 days) $143,000 Accounts Payable $76,000 Capital Stock $87,500 $137,000 Retained Earnings = a) Fill in the blanks in the table and show that the accounting equation "Assets Liabilities + Shareholders' equity" holds. Assets: $ Current Assets: $ Long Term Assets: $ b) Compute the firm's Working capital: $ Current Ratio: Debt to Equity Ratio:_ Liabilities: $ Current Liabilities: $ Long-Term Liabilities: $ Shareholders' equity: $ Liabilities + Shareholders' equity: Assets: $
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