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Question - Calculate the balance
Olean Manufacturing Inc reported the following balances on its 21/31/20XX Balance Sheet.
Accruals 95
Paid-In Excess 10
Accounts Receivable 80
Depreciation 80
Cash 60
Current Liabilities 180
Common Stock 55
Total Liabilities & Equity 360
Total Equity 105
Gross Assets 200
All of the remaining accounts are listed below. Calculate the balance in each.
Retained earnings
Accounts Payable
Inventory
Net Fixed Assets
Current Assets
Total Assets
Long-Term Debt
To reiterate, the case study will focus on analyzing a publically traded organizations financial statements - horizontal analysis, vertical analysis, or selected ratio analyses should be used to analyze the organization.
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