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How can we calculate Depreciation, Short Term Liability, Long Term Liability, and Solvency Ratio (Net profit is 1,950,985) Balance Sheet for Dec Y1 This Month
How can we calculate Depreciation, Short Term Liability, Long Term Liability, and Solvency Ratio (Net profit is 1,950,985)
Balance Sheet for Dec Y1 This Month Last Month Current Assets Cash $1,390,100 $942,164 Inventories $1,293,991 $1,022,339 $1,442,028 $3,758,358 $1,346,272 $3,678,537 $385,434 $0 $295,307 $0 $385,434 $295,307 Accounts Receivable Total Current Assets Restricted Cash Replacement Reserve Borrowed Capital Total Restricted Cash Long Term Assets Building Property & Equipment Plus: Building Capital Additions Less: Building Depreciation FF&E Property & Equipment Plus: FF&E Capital Additions Less: FF&E Depreciation Net Long Term Assets Total Assets Current Liabilities Accounts Payable Property Taxes Payable Income Taxes Payable Total Current Liabilities $49,000,000 5401,000 $1,743,382 $9,000,000 $720,000 5658,474 $56,719,144 $60,862,936 $49,000,000 5401,000 $1,599,979 $9,000,000 $720,000 5603,777 $56,917,245 $60,891,088 5489,451 5491,477 340,000 SO $0 $0 $489,451 $531,477 $1,346,272 $1,442,028 $3,758,358 $3,678,537 $295,307 $385,434 $0 $385,434 SO $295,307 Accounts Receivable Total Current Assets Restricted Cash Replacement Reserve Borrowed Capital Total Restricted Cash Long Term Assets Building Property & Equipment Plus: Building Capital Additions Less: Building Depreciation FF&E Property & Equipment Plus: FF&E Capital Additions Less: FF&E Depreciation Net Long Term Assets $49,000,000 5401,000 51,743,382 $9,000,000 $720,000 5658,474 $56,719,144 $49,000,000 5401,000 $1,599,979 $9,000,000 $720,000 $603,777 $56,917,245 $60,862,936 $60,891,088 Total Assets Current Liabilities $489,451 $491,477 540,000 50 $0 50 $489,451 $531,477 Accounts Payable Property Taxes Payable Income Taxes Payable Total Current Liabilities Long Term Liabilities Bank Loan Owners Equity Share Capital Retained Earnings Total Owners Equity Total Liabilities & Equity $15,437,500 $15,505,208 $15,000,000 $29,935,985 $44,935,985 $15,000,000 $29,854,403 $44,854,403 $60,862,936 $60,891,088Step by Step Solution
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