Question
Consider the following balance sheet items: Cash $ 70,000 Accounts payable $30,000 Accounts receivable $30,000 Long-term debt $20,000 Inventories $50,000 Common stock $200.000 Net fixed
Consider the following balance sheet items:
Cash $ 70,000
Accounts payable $30,000
Accounts receivable $30,000 Long-term debt $20,000 Inventories $50,000 Common stock $200.000 Net fixed assets $350,000 Retained earnings $250.000 Required: (Show detail calculation to get full credit) A. Calculate total Current Assets B. Calculate Net Working Capital. C. Calculate total Equity D. Calculate total Assets
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General Accounting Financial Accounting
Authors: Bbc Kikumbi Mwepu
1st Edition
6206329488, 978-6206329480
