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The assets of Dallas & Associates consist entirety of current assets and net plant and equipment, and the firm has no exceus cash. The frm
The assets of Dallas \& Associates consist entirety of current assets and net plant and equipment, and the firm has no exceus cash. The frm has total assets of $2.9 million and net plant and equipment equals 52.5 millon. It has notes payable of $140,000,10ng term debt of $760,000, and total common equity of $1.5 million, The firm does have accounta payable and accruals on its balance sheet. The firm only finances with debt and common equiy, so it has no preferred stock on lits balance sheet. Write out your answers completely. For example, 25 million sheuld be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign, Aound your answers to the nearest dollar, if necissary. a. What is be company's total debt? 5 b. What is the amount of total fobllities and equity that appears on the firm's balance sheet? 3 c. What is the batance of current assets on the fim's balance shect? $ d. What is the balance of current liabilities on the firm's balance sheet? $ e. What is the arnount of accounts nayable and aceruals on its bslance cheet? (Hint: Contider this as a single line item on the firm's batance sheeti) f. What is the firm's net working copital? If your answer is zero, enter "0*" 5 0. What is the firm's net operating worieng capitai? 5 h. What is the monetary difference between your answers to part f and 9 ? 5 What does this difference indicate
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