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How to find both long and short-term debt on a balance sheet? AS OF FEBRUARY 28 OR 29, 2020 2019 $ $ Assets Current Assets
How to find both long and short-term debt on a balance sheet?
AS OF FEBRUARY 28 OR 29, 2020 2019 $ $ Assets Current Assets Cash and cash equivalents Accounts receivable, less allowance for doubtful accounts of $638,907 and $489,502, respectively Notes receivable, current portion Refundable income taxes Inventories 4,822,071 4,049,959 160,700 418,319 3,750,978 409,703 13,611,730 5,384,027 3,993,262 110,162 190,201 4,270,357 318,126 14,266,135 Other Total current assets Property and Equipment, Net 5,938,013 5,786,139 Other Assets Notes receivable, less current portion Goodwill, net Franchise rights, net Intangible assets, net Deferred income taxes Lease right of use asset Other Total other assets 289,515 1,046,944 3,047,688 498,393 630,078 2,698,765 56,262 8,267,645 281,669 1,046,944 3,678,920 498,337 607,421 56,576 6,169,867 Total Assets $ 27,817,388 $ 26,222,141 $ $ Liabilities and Stockholders' Equity Current Liabilities Current maturities of long term debt Accounts payable Accrued salaries and wages Gift card liabilities Other accrued expenses Dividend payable Contract liabilities Lease liability Total current liabilities 2,241,506 716.860 609,842 316,751 722,344 195.658 803,861 5,606,822 1,176,488 897,074 655,853 742,289 293,094 714,939 256,094 4,735,831 Lease Liability, Less Current Portion Contract Liabilities, Less Current Portion 1,894,904 960,151 1,096,478 Commitments and Contingencies Stockholders' Equity Preferred stock, $.001 par value per share; 250,000 authorized; -o- shares issued and outstanding Series A Junior Participating Preferred Stock; 50,000 authorized; -O- shares issued and outstanding Undesignated series, 200,000 shares authorized; -o- shares issued and outstanding Common stock, $.001 par value, 46,000,000 shares authorized, 6,019,532 shares and 5,957,827 shares issued and outstanding, respectively Additional paid-in capital Retained earnings 6.020 7,459,931 11,889,560 5,958 6,650,864 13,733,010 Total stockholders' equity 19,355,511 20,389,832 Total Liabilities and Stockholders' Equity $ 27,817,388 $ 26,222,141Step by Step Solution
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