Question
$ in thousands Assets Current Assets Cash $2,730 Accounts Receivable $861 Inventory Finished Goods $567 Raw Materials $1,231 Supplies $335 Total Current Assets $5,724 Property,
$ in thousands
Assets
Current Assets
Cash $2,730
Accounts Receivable $861
Inventory
Finished Goods $567
Raw Materials $1,231
Supplies $335
Total Current Assets $5,724
Property, Plant & Equipment
Equipment $4,375
Less: Accumulated Depreciation $2,588
Total Property, Plant & Equipment $6,963
Liabilities
Current Liabilities
Accounts Payable $862
Total Current Liabilities $862
Long Term Liabilities
Bank Loan $2,504
Total Long Term Liabilities $2,504
What is the Owners Equity?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Iain G. Sheffield, I.H. Gray, I. Etal Gray
2nd Edition
1861520107, 9781861520104
