Question
Use the following balance sheet form to enter amounts you identify from the computations on the Liquidity and Solvency Measures panel. You will identify other
Use the following balance sheet form to enter amounts you identify from the computations on the Liquidity and Solvency Measures panel. You will identify other amounts for the balance sheet on the Profitability Measures panel. If you have a choice of two amounts, assume the first amount in the ratio is for the end of the year. Compute any missing amounts.
| Balance Sheet |
| December 31, 20Y6 |
| 1 | Assets |
|
| 2 | Current assets: |
|
| 3 | Cash | $823,000.00 |
| 4 | Marketable securities |
|
| 5 | Accounts receivable (net) |
|
| 6 | Inventory |
|
| 7 | Prepaid expenses |
|
| 8 | Total current assets |
|
| 9 | Long-term investments |
|
| 10 | Property, plant, and equipment (net) |
|
| 11 | Total assets |
|
| 12 | Liabilities |
|
| 13 | Current liabilities |
|
| 14 | Long-term liabilities |
|
| 15 | Total liabilities |
|
| 16 | Stockholders Equity |
|
| 17 | Preferred stock, $10 par |
|
| 18 | Common stock, $5 par |
|
| 19 | Retained earnings |
|
| 20 | Total stockholders equity |
|
| 21 | Total liabilities and stockholders equity |
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
4th edition
978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730
