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The following information is available for Brand Z: Cash $5,000 Property and equipment $23,000 Accounts receivable 2,000 Long-term (L/T) debt 21,000 Inventory 6,000 Current
The following information is available for Brand Z: Cash $5,000 Property and equipment $23,000 Accounts receivable 2,000 Long-term (L/T) debt 21,000 Inventory 6,000 Current portion of L/T debt 10,000 Accounts payable 3,000 Common stock 8,000 Deferred taxes 1,000 Goodwill 7,000 Retained earnings 3,000 Prepaid expenses 1,000 a. Calculate the amount of current assets that will be listed on the balance sheet. b. Calculate the amount of fixed assets. c. Calculate the amount of current liabilities. d. Calculate the amount of long-term liabilities. e. Calculate the amount of stockholders' equity.
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