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I want solve directly such as A , B and C QUESTION 5 The following items were taken from the financial statements of Panda Hypermarket
I want solve directly such as A , B and C
QUESTION 5 The following items were taken from the financial statements of Panda Hypermarket Company. (All dollars are in thousands.) Common stock $2,826 Cash $1,728 1,366 Accumulated depreciation equipment 3,547 Prepaid expenses Equipment 6,705 Accounts payable 1,344 Investments-Long term 2,847 Note payable - Long term 810 Retained earnings 6,896 Investments Short-term 1,743 Accounts receivable 1,277 Income taxes payable 243 Instructions Prepare a classified balance sheet in good form as of December 31, 2009 and answer the questions below. 1. Find the total current assets: 6. Total long-term liability A. 1,250. A. 6,114. B. 4,371. B. 810. C. 4,837. C. 1.350. D. 4,748. D. 1,450. 2. Find the total of property, plant, 7. Total of shareholder equity: and equipment A. 10,000. B. 8,722. A. 6,705. B. 3,158. C.9,722. C. 3,858. D. 7,500. D. 5,535. 8. Total liabilities and shareholder 3. Long term Assets: equity: A. 3,750. A. 13,119. B. 2,750. B. 12,590. C. 2,847. C. 13,590. D. 3,500. D. 12,119. 4. Total Assets: 9. Calculate the liquidity by using current ratio: A. 13,119. B. 12,590. A. 3.85. C. 13,590. B. 0.26. D. 12,119. C. All above. D. None above. 5. Total current liability: A. 1,587. 10. Calculate the (Solvency ratio) debt B. 1,450. to total assets ratio: C. 1,687. A. 39.2% D. 2,000. B. 35% C. 45% D. 50% Step by Step Solution
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