Question
Here are the most recent balance sheets for Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash and
Here are the most recent balance sheets for Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash and amount:
Balance Sheet
Assets | 2017 | 2018 |
Cash | 55,600 | 57,500 |
Accounts receivable | 123,123 | 146,125 |
Inventories | 99,600 | 10,050 |
Property, plant and equipment | 250,230 | 258,250 |
Less: Accumulated depreciation | 95,850 | 95,820 |
Total assets | 432,703 | 376,105 |
Liabilities and Equity | 2017 | 2018 |
Accounts payable | 79,774 | 60,980 |
Accrued expenses | 12,078 | 15,334 |
Long-term debt | 54,450 | 50,000 |
Common stock | 27,500 | 34,000 |
Accumulated retained earnings | 258,901 | 215,791 |
Total liabilities and equity | 432,703 | 376,105 |
Shows all the step and formula. Don't round off until you get the answer.
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