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Prepare the unclassified balance sheet as it would appear at December 31, 2017. (List Assets in order of liquidity) SHAMROCK INC. Balance Sheet Assets Liabilities
Prepare the unclassified balance sheet as it would appear at December 31, 2017. (List Assets in order of liquidity) SHAMROCK INC. Balance Sheet Assets Liabilities and Stockholders' Equity e Textbook and Media List of Accounts Compute Shamrock's free cash flow and current cash debt coverage for 2017. (Round current cash debt coverage to 2 decimal places, eg. 0.56. Show amounts that decrease cash flow with elthera - signes -15,000 or in parenthesis es (15,000) Free cash flow Current cash debt coverage SHAMROCK INC. Statement of Cash Flows Adjustments to reconcile net income to Plant assets purchased through issuance of $ of bonds Shamrock Inc. had the following balance sheet at December 31, 2016. SHAMROCK INC. BALANCE SHEET DECEMBER 31, 2016 Cash $9,100 Accounts payable Accounts receivable 12,300 Bonds payable Investments 13,800 Common stock Plant assets (net) 36,900 Retained earnings Land 16,400 $88,500 $13,300 8,600 35,600 31,000 $88,500 Text During 2017, the following occurred. 1. Net income was $26,000. 2. Depreciation expense was $6,700. 3. Shamrock liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $4,800 loss. 4. Shamrock issued $21,800 of common stock at par. 5. Dividends of $8,200 were declared and paid to stockholders. 6. Accounts receivable and accounts payable at December 31, 2017 were $14,900 and $12,500, respectively. 7. Shamrock obtained $9,000in plant assets in exchange for issuing bonds. 8. Shamrock purchased additional plant assets for $16,600. 9. Shamrock purchased land for $19,700. 10. Cash at December 31, 2017 was $29,500
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