What is the balance for long-term debt and retained earnings

Assignment Help Financial Management

Reference no: EM131811002

Glen’s Tobacco Shop has total assets of $94.4 million. Fifty percent of these assets are financed with debt of which $29.5 million is current liabilities. The firm has no preferred stock but the balance in common stock and paid-in surplus is $15.4 million. What is the balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet? (Enter your answers in millions of dollars rounded to 1 decimal place.)

Reference no: EM131811002

Questions Cloud

Calculate casello total stockholders equity : At what annual rate would the following have to be invested? $1,463, to grow to $29,674, in 23 years. Calculate Casello’s total stockholders’ equity.

What was the rationale for the williams act : What was the rationale for the Williams Act? What was the purpose of the Hart-Scott-Rodino Act?

More broadly to incorporate all stakeholders : Do you believe corporate governance should be narrowly defined to encompass shareholders only or more broadly to incorporate all stakeholders?

What can investors learn by studying historical merger waves : What can senior management learn by studying historical merger waves? What can investors learn by studying historical merger waves?

What is the balance for long-term debt and retained earnings : What is the balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet?

What is meant by the contingent workforce : What is meant by the contingent workforce? What is meant by minimum wage? Do college graduates usually work for minimum wage?

Average annual growth rate of dividends for this firm : What was the average annual growth rate of dividends for this firm?

True of installment loans : When the interest rate on savings is two times the interest rate on a loan, Which of the following is true of installment loans?

Call the purchase of different securities in a portfolio : What do you call the purchase of different securities in a portfolio and why is it important?

User Account

All Pages