Question
Dana Company Balance Sheet as of December 31, 2025 Dana Company Balance Sheet As of December 31, 2025 Cash 5,000 Accounts Payable 57,500 Accounts Receivable
Dana Company Balance Sheet as of December 31, 2025
| Dana Company | ||||
| Balance Sheet | ||||
| As of December 31, 2025 | ||||
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| Cash | 5,000 |
| Accounts Payable | 57,500 |
| Accounts Receivable | 110,000 |
| Notes Payable-due in Eighteen Months | 5,000 |
| Supplies Inventory | 28,750 |
| Mortgage Payable-due in four years | 259,000 |
| Equipment | 431,250 |
| John Dana, Capital | 253,500 |
| Total | 575,000 |
| Total | 575,000 |
What amount of working capital did Dana Company have available at December 31, 2025?
| a. | $143,750
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| b. | $57,500
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| c. | $81,250
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| d. | $86,250
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Blue Corporation reports the following items in the stockholders equity section of its Balance Sheet:
| Common Stock - at Par | $ 300,000 |
| Paid-in Capital in Excess of Par - Common | $ 122,000 |
| Retained Earnings | $ 30,000 |
| Treasury Stock | $ 46,000 |
What is Blue Corporations total paid-in capital (contributed capital)?
| a. | $452,000
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| b. | $422,000
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| c. | $468,000
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| d. | $376,000
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| Cook Corporation Balance Sheet As of December 31, 2023 | |
| Assets | |
| Cash | $ 30,000 |
| Accounts Receivable | 120,000 |
| Inventory | 90,000 |
| Fixed Assets (net) | 550,000 |
| Total | $ 790,000 |
| Liabilities and Stockholders' Eqiuity | |
| Accounts Payable | $ 60,000 |
| Bonds Pay. in 12 yrs. | 210,000 |
| Common Stock | 170,000 |
| Retained Earnings | 350,000 |
| Total | $ 790,000 |
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Cook held $92,500 of merchandise in inventory at the beginning of the year, and the cost of goods sold for the year equalled $730,000.
What was Cook's average inventory for the year?
| a. | $318,750
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| b. | $273,750
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| c. | $91,250
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| d. | $92,500
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