Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 Use the following information to find the net investment in operating capital in 2020. Balance Sheet 2019 2020 Assets Cash and Cash $3,000.00
Question 5 Use the following information to find the net investment in operating capital in 2020. Balance Sheet 2019 2020 Assets Cash and Cash $3,000.00 $3,600.00 Equivalents Acc Receivable $20.000.00 $25.000.00 Inventory $10,000.00 $11,000.00 Short Term $0.00 $2.000.00 Investments Current Assets $33,000.00 $41.600.00 Gross PPE $500,000.00 $525.000.00 Accumulated $100,000.00 $120,000.00 Depreciation Net PPE $400,000.00 $405,000.00 Total Assets $433,000.00 $446,600.00 Liabilities and Equity Accounts Payable $20,000.00 $22.000.00 Accruals $3,000.00 $3,000.00 Notes Payables $15,000.00 $16,000.00 Current Liabilities $38,000.00 $41,000.00 Long Term Debt $100,000.00 $63,212.84 Short Term $0.00 $2.000.00 Investments Current Assets $33,000.00 $41.600.00 Gross PPE $500,000.00 $525,000.00 Accumulated $100,000.00 $120,000.00 Depreciation Net PPE $400,000.00 $405,000.00 Total Assets $433,000.00 $446,600.00 Liabilities and Equity Accounts Payable $20,000.00 $22,000.00 Accruals $3,000.00 $3,000.00 Notes Payables $15,000.00 $16.000.00 Current Liabilities $38,000.00 $41.000.00 Long Term Debt $100,000.00 $63,212.84 Total Liabilities $138,000.00 $104.212.84 Retained Earnings $98.000.00 $126,387.16 Preferred Stock $10,000.00 $10,000.00 Common Stock $187.000.00 $206,000.00 Total Equity $295,000.00 $342.387.16 Total Liabilities and $433,000.00 $446,600.00 Equity $9,600.00 $10,600.00 None of the choices O $11,600.00
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