Following are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each
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COUNTRY KETTLES, INC Balance Sheet (in $ thousands) 2009 2010 Assets Cash Accounts receivable Inventories Property, plant, and equipment S 43,500 110,100 93,750 285,848 74,745 $458,453 S 46,620 106,395 101,705 323,940 101,078 $477,582 Less: Accumulated depreciation Total assets Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings Total liabilities and equity S 72,000 12,675 52,500 45,000 $276,278 S 70,800 13,710 45,000 48,000 $300,072 $458,453 $477,582
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Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
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