Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hopewell Corporation Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 125,000 Accounts Payable 24,000 Accounts Receivable 36,000 Debt 37,000 Inventory 52,000 Other
Hopewell Corporation Balance Sheet As of December 31, 2018 (amounts in thousands) | |||
---|---|---|---|
Cash | 125,000 | Accounts Payable | 24,000 |
Accounts Receivable | 36,000 | Debt | 37,000 |
Inventory | 52,000 | Other Liabilities | 30,000 |
Property Plant & Equipment, Gross | 226,000 | Total Liabilities | 91,000 |
Accumulated Depreciation | 59,000 | Paid-In Capital | 56,000 |
Property Plant & Equipment, Net | 167,000 | Retained Earnings | 239,000 |
Other Assets | 6,000 | Total Equity | 295,000 |
Total Assets | 386,000 | Total Liabilities & Equity | 386,000 |
Hopewell Corporation Statement of Cash Flows January 1 to March 31, 2019 (amounts in thousands) | |
---|---|
Net Income | 8,600 |
Depreciation | 1,400 |
Decrease (Increase) in Accounts Receivable | 400 |
Decrease (Increase) in Inventory | (600) |
Increase (Decrease) in Accounts Payable | (100) |
Other Adjustments | 0 |
Net Cash Flow from Operating Activities | 9,700 |
Purchase of Property, Plant, & Equipment | (7,800) |
Other Adjustments | 0 |
Net Cash Flow from Investing Activities | (7,800) |
Increase (Decrease) in Debt | 200 |
Dividends | (700) |
Other Adjustments | 0 |
Net Cash Flow from Financing Activities | (500) |
Net Cash Flow | 1,400 |
What is the value for Total Assets on March 31, 2019?
Please specify your answer in the same units as the financial statements.
Step 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