What is company total debt, is amount of total liabilities

Assignment Help Financial Accounting

Reference no: EM133338896

Questions:

1. Problem 3.01 (Balance Sheet) B eBook Problem Walk-Through The assets of Dallas Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.8 million and net plant and equipment equals $2.3 million. It has notes payable of $160,000, long-term debt of $752,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary.

a. What is the company's total debt?

b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? LA

c. What is the balance of current assets on the firm's balance sheet? A

d. What is the balance of current liabilities on the firm's balance sheet?

e. What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a single line item on the firm's balance sheet.)

f. What is the firm's net working capital? If your answer is zero, enter.

g. What is the firm's net operating working capital? h. What is the monetary difference between your answers to part f and g? What does this difference indicate?

Reference no: EM133338896

Questions Cloud

Are the due process concerns and other constitutional : Are the due process concerns and other constitutional limitations providing sufficient safeguards in light of the changing threats we face or are privacy concer

Demonstrated appropriate ergonomic standards : you are to set up a computer workstation to meet ergonomic and health and safety standards. Once you have completed your set up, record a 2-3min recording

Describe characteristics of indigenous science : Discuss these characteristics using at least three examples from the demonstration of local medicinal plants by Cease and Senaqwila Wyss.

Jury unanimously acquitted him of all criminal charges : jury acquitted Rittenhouse and he cannot be tried twice for the same crimes based on the Double Jeopardy clause in the U.S Constitution

What is company total debt, is amount of total liabilities : What is the company's total debt? What is the amount of total liabilities and equity that appears on the firm's balance sheet? LA What is the balance of

Explain the concepts of justice and the law : Explain the concepts of Justice and the Law. Explain how they are similar or different, where do they appear in the Canadian Legal System and does our legal

Pass the defence of traditional marriage act : If Sue and Jennifer win a Charter argument, and the government loses a Charter section 1 argument, is there anything else the government can do to pass

Analyze compensation opportunities for employees : You will analyze compensation opportunities for employees, found in Chapter Twelve. You should find an article no more than five years old on an organization.

The european court of human rights : differences between the European Court of Human Rights and the Charter of European Union Fundamental Rights in terms of the legal protection against

User Account

All Pages