The Cool Camel Water Company is a hypothetical company with the following balance sheet at the end of its 20th year of operations. For the 21st year, some parts are still incomplete. Use the information given to complete the balance sheet. Year 20 0 0 Cool Camel Water Company Balance Sheet For the Year Ended on December 31 (Millions of dollars) Year 21 Year Year 21 20 Assets Liabilities Current assets: Current liabilities: Cash and marketable 3,136 Accounts payable 0 securities Accounts receivable 1,434 1,148 Accruals 199 Inventories 4,207 3,366 Notes payable 1,129 Total current assets 9,562 7,650 Total current liabilities Net fixed assets: Long-term debt 3,984 Net plant and equipment 9,350 Total liabilities 5,312 (cost minus depreciation) Common equity: Common stock 10,360 Retained earnings Total common equity 15,938 Total assets 21,250 17,000 Total liabilities and 21,250 equity 1,062 1,062 3,188 4,250 8,288 4,462 12,750 17,000 The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts can use the information given in the balance sheet and other financial statements to make several interpretations about the company. With the information given in the balance sheet above and considering that the company has 50 million outstanding shares, which of the following interpretations would be true for Cool Camel? Check all that apply. Cool Camel Water Company has $3,921 million of actual money that it can spend immediately. The asset side of a balance sheet lists the accounts in the order of their liquidity. The book value per share of Cool Camel Water Company's stock in the second year was approximately $319. Current assets are considered to be illiquid assets and cannot be converted into cash in less than one year. The market value of a company's stock is always more than its book value. is used as the common denominator, or base, in the preparation of a common-size balance sheet. that helps analysts compare the company's performance with other companies of different sizes and across different periods. Based on your understanding of the balance sheet and its different accounts, if everything else remains the same, the cash item on the current balance sheet is likely to if the firm issues $3 million of new common stock. The Cool Camel Water Company is a hypothetical company with the following balance sheet at the end of its 20th year of operations. For the 21st year, some parts are still incomplete. Use the information given to complete the balance sheet. Year 20 0 0 Cool Camel Water Company Balance Sheet For the Year Ended on December 31 (Millions of dollars) Year 21 Year Year 21 20 Assets Liabilities Current assets: Current liabilities: Cash and marketable 3,136 Accounts payable 0 securities Accounts receivable 1,434 1,148 Accruals 199 Inventories 4,207 3,366 Notes payable 1,129 Total current assets 9,562 7,650 Total current liabilities Net fixed assets: Long-term debt 3,984 Net plant and equipment 9,350 Total liabilities 5,312 (cost minus depreciation) Common equity: Common stock 10,360 Retained earnings Total common equity 15,938 Total assets 21,250 17,000 Total liabilities and 21,250 equity 1,062 1,062 3,188 4,250 8,288 4,462 12,750 17,000 The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts can use the information given in the balance sheet and other financial statements to make several interpretations about the company. With the information given in the balance sheet above and considering that the company has 50 million outstanding shares, which of the following interpretations would be true for Cool Camel? Check all that apply. Cool Camel Water Company has $3,921 million of actual money that it can spend immediately. The asset side of a balance sheet lists the accounts in the order of their liquidity. The book value per share of Cool Camel Water Company's stock in the second year was approximately $319. Current assets are considered to be illiquid assets and cannot be converted into cash in less than one year. The market value of a company's stock is always more than its book value. is used as the common denominator, or base, in the preparation of a common-size balance sheet. that helps analysts compare the company's performance with other companies of different sizes and across different periods. Based on your understanding of the balance sheet and its different accounts, if everything else remains the same, the cash item on the current balance sheet is likely to if the firm issues $3 million of new common stock