Question
Sources and Uses Following are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or
Sources and UsesFollowing are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount.
COUNTRY KETTLES, INC. Balance Sheet (In $ thousands) | |||||||
| 2016 | 2017 | |||||
Assets |
|
|
|
|
|
| |
Cash |
|
| $ 59,430 |
|
| $ 64,510 | |
Accounts receivable |
|
| 148,210 |
|
| 140,320 | |
Inventories |
|
| 126,385 |
|
| 135,840 | |
Property, plant, and equipment |
|
| 375,840 |
|
| 416,360 | |
Less: Accumulated depreciation |
|
| 99,610 |
|
| 121,830 | |
Total assets |
|
| $610,255 |
|
| $635,200 | |
Liabilities and Equity |
|
|
|
|
|
| |
Accounts payable |
|
| $ 97,100 |
|
| $ 95,360 | |
Accrued expenses |
|
| 18,740 |
|
| 19,610 | |
Long-term debt |
|
| 71,340 |
|
| 65,250 | |
Common stock |
|
| 60,850 |
|
| 64,700 | |
Accumulated retained earnings |
|
| 362,225 |
|
| 390,280 | |
Total liabilities and equity |
|
| $610,255 |
|
| $635,200 |
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