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If this firm faces business risk, would they be in trouble financially? HBZZ, CORPORATION, DEC 31, 2018 Balance Sheet Cash Account Receivable Inventory Finished Goods
If this firm faces business risk, would they be in trouble financially?
HBZZ, CORPORATION, DEC 31, 2018 Balance Sheet Cash Account Receivable Inventory Finished Goods Total Current Assets Land Plant & Equipment- Original Cost less Accumulated Depreciation Total Long-Term Assets $ 2,900,000 $ 1,100,000 $ 2,000,000 $ 6,000,000 $ 300,000 $9,500,000 $1,000,000 $ 8,500,000 $ 8,800,000 Total Assets $ 14,800,000 Account Payable $ 2,400,000 Loan pmt due w/l one year $ 2,000,000 Supplies Bill to be paid within 1year $ 900,000 Total Current Liabilities $ 5,300,000 Long Term Loan $3,000,000 Total Long-Term Liabilities $ 3,000,000 Total Liabilities- $ 8,300,000 Common Shares $ 2,000,000 Retained Earnings $ 2,500,000 Total Equity $ 4,500,000 Total Liabilities & Equity $ 12,800,000 HBZZ, CORPORATION Data During the Year 2018- Net Income $ 750,000 Interest expense $ 150,000 Total Revenue $1,500,000 +Step by Step Solution
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