Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

image text in transcribed

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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio

Authors: Robert A.Weigand

1st edition

978-111863091, 1118630912, 978-1118630914

More Books

Students also viewed these Finance questions