Question: Glen s Tobacco Shop has total assets of 91 8 million Fifty
Glen’s Tobacco Shop has total assets of $91.8 million. Fifty percent of these assets are financed with debt of which $28.9 million is current liabilities. The firm has no preferred stock but the balance in common stock and paid-in surplus is $20.4 million. Using this information what is the balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet?
Answer to relevant QuestionsMuffin’s Masonry, Inc’s balance sheet lists net fixed asset as $14 million. The fixed assets could currently be sold for $19 million. Muffin’s current balance sheet shows current liabilities of $5.5 million and net ...You have been given the following information for Moore’s HoneyBee Corp.:a. Net sales = $32,000,000; b. Gross profits = $18,700,000; c. Other operating expenses = $2,500,000;d. Addition to retained earnings = $4,700,000; ...Chris’ Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $340 million. The income statement shows that net income is $315 million and depreciation expense is $46 million. During the ...Rebecky’s Flowers 4U, Inc., had free cash flows during 2015 of $43 million, NOPAT of $85 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky’s balance sheet thatfollows.Why is the DuPont system of analysis an important tool when evaluating firm performance?
Post your question