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Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Net fixed assets Total
Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Net fixed assets Total assets 13,000 0 12,000 31,000 56,000 42,000 60,000 102,000 158,000 Liabilities and Equity Accounts payable EBIT Interest Taxable income Taxes Net income 16,000 8,000 24,000 80,000 104,000 10,000 44,000 Equity 54,000 Total liab. & equity 158,000 Notes payable Current liabilities Long-term debt Total liabilities Paid-in capital Retained earnings Income statement Sales 340,000 Operating expenses 306,000 Depreciation 25,000 9,000 5,000 4,000 1,320 2,680 There are 9,400 shares outstanding, each currently trading for $5.58.
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