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questions. ASSETS Current Assets: Use the following information from a hotel's balance sheet to solve the Dec 31, 2020 ($) Cash 30,000 Marketable securities
questions. ASSETS Current Assets: Use the following information from a hotel's balance sheet to solve the Dec 31, 2020 ($) Cash 30,000 Marketable securities 50,000 Accounts receivable 100,000 Inventory 20,000 Total Current Assets 200,000 Investments 100,000 Property & Equipment: Land 500,000 Building 5,000,000 Equipment 1,000,000 Less: Accumulated depreciation 1,600,000 Net Property & Equipment ? Total Assets ? LIABILITIES & OWNERS' EQUITY Current Liabilities: Accounts payable 60,000 Current maturities of Long-term 100,000 debt Dividends payable 30,000 Total Current Liabilities 190,000 Long-Term Liabilities: Long-term debt 4,000,000 Total Long-term Liabilities 4,000,000 Total Liabilities 4,190,000 Owners' Equity: Capital Stock Retained Earnings Total Owners' Equity 700,000 ? Total Liabilities and Owners' Equity What is the amount of "Net Property & Equipment" as of Dec 31, 2020? What is the amount of "Net Property & Equipment" as of Dec 31, 2020? What is the amount of "Total Assets" as of Dec 31, 2020? What is the amount of "Retained Earnings" as of Dec 31, 2020? What is the percentage of total assets that were financed with "Capital Stock" as of Dec 31, 2020?
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