Question
Use the following information to answer question 5. 2006 Cash ? Accounts rec 45,000 Inventories 95,000 Current Assets 175,000 Net fixed assets 350,000 Total Assets
Use the following information to answer question 5.
2006
Cash
?
Accounts rec
45,000
Inventories
95,000
Current Assets
175,000
Net fixed assets
350,000
Total Assets
525,000
Notes payable
20,000
Accounts payable
50,000
Accruals
25,000
Current Liabilities
95,000
Long-term debt
210,000
Common stock
150,000
Retained earnings
70,000
Total Liabilities & Equity
525,000
1.The 2006 cash balance is $_________.
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
