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The assets of Dallas &. Associates consist entirely of current assets and net plant and equipment, and the firm has no exicess cash. The firm
The assets of Dallas \&. Associates consist entirely of current assets and net plant and equipment, and the firm has no exicess cash. The firm has total assets of $2.8 millon and net plant and equipment equals $2.3 million. It has notes poyable of $145,000, long-term debt of $760,000, and total common equity of $1.$5 million. The firm does have accounts payable and accrusls 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 dollac, if necessary. 3. What is the company's total debt? $ b. What is the amount of total liabiaties and equity that appears on the firm's balance sheet? s c. What is the balance of current assets on the firm's balance sheet? 5 d. What is the balance of current liabilities on the firm's batance sheet? $ e. What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a sincle line itom on the firm's balance sheet) 5 9. What is the firm's nert operating working capital? s h. What is the monetary differnnce between your ans $ What does this differnnoe indicate
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