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Wenco Balance Sheet as of December 31, 2016 & 2017 Assets: 2016 2017 Cash 2,000 5,120 Accounts receivable 10,000 11,000 Inventory 14,000 16,000 Total current
Wenco Balance Sheet as of December 31, 2016 & 2017 | ||
Assets: | 2016 | 2017 |
Cash | 2,000 | 5,120 |
Accounts receivable | 10,000 | 11,000 |
Inventory | 14,000 | 16,000 |
Total current assets | 26,000 | 32,120 |
Property, plant and equipment | 76,000 | 78,000 |
Accumulated depreciation | (24,000) | (30,000) |
Net property plant & equipment | 52,000 | 48,000 |
Total assets | $78,000 | $80,120 |
Liabilities: | ||
Accounts payable | 15,000 | 17,000 |
Salaries payable | 1,000 | 0 |
Interest payable | 0 | 0 |
Total current liabilities | 16,000 | 17,000 |
Bonds payable | 30,000 | 30,000 |
Total liabilities | 46,000 | 47,000 |
Shareholders' Equity: | ||
Common stock | 20,000 | 17,000 |
Retained earnings | 12,000 | 16,120 |
Total stockholders's equity | 32,000 | 33,120 |
Total liabilities & stockholders's equity | $78,000 | $80,120 |
1a. What is Wenco's total value of debt capital for 2017?
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