Solution-Determine the book value of milk tea company

Determine the book value of milk tea company

Reference no: EM133173859

Question - The accountant of Milk Tea Company is looking at the different account balances in the company records. The accountant was asked to provide preliminary valuation numbers for an upcoming management discussion. The following account balances were generated from the records:

Accounts payable 20,000.00

Accounts receivable 70,000.00

Accrued liabilities 1,000.00

Cash 50,000.00

Intangible assets 70,000.00

Inventory 52,000.00

Long-term investments 150,000.00

Long-term liabilities 125,000.00

Marketable securities 46,000.00

Notes payable (short-term) 25,000.00

Property, plant, and equipment 705,000.00

Prepaid expenses 3,000.00

Required -

1. Determine the total current assets?

2. Determine the total non-current assets?

3. Determine the total current liabilities?

4. Determine the total noncurrent liabilities?

5. Determine the book value of Milk Tea Company?

Reference no: EM133173859

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Determine the book value of milk tea company

Reference no: EM133173859

Reference no: EM133173859

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