The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.7 million and net plant and equipment equals $2.2 million. It has notes payable of $155,000, long-term debt of $751,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet.

Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary.

The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.7 million and net plant and equipment equal $2 2 million. It has notes payable of $155,000, long-term debt of $751,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 milion should be entered as 25,000,000 Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, necessary What is the compo 1 That's Incorrect $ 1250000 b. What is the amount of total abilities and equity that appears on the firm's balance sheet? 2700000 What is the balance of current assets on the firm's balance sheet? 500000 d. What is the balance of current libilities on the firm's balance sheet? 499000 e. what is the amount of accounts payable and accruals on its balance sheet? (Hint: Conulder this as a single line item on the firm's balance sheet.) 344000 What is the firm's net working capital? If your answer is zero, entero $ $ o $ $ 1000 Q. What is the firm's net operating working capital? -154000 h. What is the monetary ofference between your answers to part and 5 155000 What does this difference indicate? The difference indicates Notes payable balance A B 1 a) Total debt 2 b) Total liabilities and equity 3 c) Current assets 4 d) Current liabilities D 1250000 -2700000-1450000 2700000 500000 -2700000-2200000 499000 -2700000-1450000-751000 344000 -499000-155000 1000 -500000-499000 -154000 - 500000-155000)-499000 155000 -C6-C7 5 e) Accounts payables and accruals 6 ) Net working capital 7 g) Net operating working capital 8 h) Difference between fand g