Answered step by step
Verified Expert Solution
Question
1 Approved Answer
here is all the info I have Worldwide Widget Manufacturing, Inc. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2015
here is all the info I have
Worldwide Widget Manufacturing, Inc. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2015 2014 2015 2014 Assets Current assets Liabilities and Equity Current liabilities: Cash and marketable Accounts receivable Inventory 427 322 Accrued wages and 309 $257 taxes 259 Accounts payable 381 b 815-797 Notes payable $ 492 421 Total $1,542 $1,378 Total $1,182 1,934 3,116 $997 Fixed assets Long-term debt: 59 2,956 Gross plant and equipment $2,817 Total Less: Depreciation3 Net plant and equipment Other long-term assets 368 254 Stockholders' equity: $2,872 $2,563 Preferred stock -521 $ 30 $30 (30 million shares) Common stock and paid-in surplus (250 million shares) Retained earnings 487 300e. ? 1.489 1142 $1,819 $1,472 $4,935 $4428 422 $3,050 Total Equity Total FA Total assets $4.935 $4,428 Total liabilities and equity a. Accounts receivable for 2015 300 b. Accounts payable for 2014 319 c. Gross plant and equipment for 2015e 5340 d. Long term debt for 2014 151 300 e. Common stock and paid-in surplus (250 million shares) for 2014 f. Total FA for 2015 Graded ProjectStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started