Question 3 What is Depreciation Expense on the Income Stmt for the later year (ending year): 40 . 50 54 none of the choices are correct Question 4 0.5 pts What is Amortization Expense on the Income Stmt for the later year (ending year): 40 0 50 none of the choices are correct Table 2.1 Unilate Textiles: December 31 Balance Sheets ($ millions, except per-share data) 2018 2017 Amount Percentage of Total Assets Amount Percentage of Total Assets 18% 213 53% 21.3 267 5 15.0 1800 2700 54650 3800 $8450 $ 40.0 1600 200.0 54000 3500 $7500 55.00 45.0 1000 100.00 $ 150 Assets Cash and equivalent Accounts receivables Inventory Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total abilities (debt) Common stock 5 million shares) Retained earnings Total common equity Total liabilities and equity $ 300 600 3.5% 7 All All $1300 3000 $4300 130,0 285.0 $4150 58450 350 51050 255.0 $3600 1300 2600 3900 $7900 355 50.99 154 337 49.19 100043 209 73 47 14096 340 48.0 173 34,7 520 1000 51560 $23.00 515 60 $25.00 Book value per share (Common equity/Shares Market value per share stock price) Additional information Net working capital Current assets - Current abilities Net worth = Total assets - Total liabilities $325.0 415.0 5295.0 3900 "Breakdown of net plant and equipment account: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment $6800 300.0 5380.0 56000 0250,00 $350.0 debt. However, because the firm probably would not be able to sell all of the assets at the values shown on the balance sheet, common stockholders actually would re- ceive some amount different (higher or lower) from that shown in the equity section if the firm were actually liq uidated. Thus, the risk of asset value fluctuations (both nositi and neutel is home by the stockholders example, accounts payable generally must be paid within 30 to 45 days, accruals are payable within 60 to 90 days. and so on, down to the stockholders' equity accounts, which represent ownership that never needs to be repaid. Often assets, liabilities, and equity are reported both in dollars and as a percentage of total assets, as shown in Table 2.1. This type of