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eBook 178:37 The assets of Dallas Associates consist entirely of current assets and net plant and equipment, and the form has no excess cash. The

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eBook 178:37 The assets of Dallas Associates consist entirely of current assets and net plant and equipment, and the form has no excess cash. The firm has total assets of $3 million and net plant and equipment equals $2.6 million. It has notes payable of $140,000, long-term debt of $751,000, and total common equity of $1,55 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 enbreed as 25,000,000 Negative valuns, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary 2. What is the company's total debt? b. What is the amount of total abilities and equity that appears on the firm's balance sheet? What is the balance of current assets on the them's balance sheet? 4. What is the balance of current stabilities on the firm's balance sheet? .. What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a single tie item on the firm's balance sheet.) What is the firm's not working capital? If your answer is zero, enter om Negative value. If any should be indicated tv a minus non What is the firm's net operating working Capital? h. What is the monetary difference between your answers to portrando 5 What does this difference indicate Select

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