(calculate each of the following totals using Krispy Kreme's trial balance) 1. Current assets 2. Total assets 3. Current liabilities 4. Total liabilities 5. Net income 6. Ending retained earnings 7. Total stockholders' equity 8. Write Krispy Kreme's accounting equation as of January 2, 2022. 9. What can you conclude from your review of the TB and questions above? 10. Do you have any observations based on your review? 11. Do you have any recommendations based on your observations?

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Krispy Kreme, Inc. Trial Balance January 2, 2022 (In thousands) Account Cash and cash equivalents* Accounts and notes receivable, net Inventories Other current assets Property, plant, and equipment Other long-term assets Debit Credit 39,192 47,491 34,851 35,363 438,918 2,549,439 Accounts payable 182,104 Current portion of long-term debt 36,583 Other current liabilities 307,470 Long-term debt 680,307 Other long-term liabilities 603,135 Common stock 1,673 Additional paid-in capital 1,415,185 Retained earnings (as of January 3, 2020)** 142,198 Other stockholders' equity accounts 97,206 Dividends 11,705 Sales revenue 1,384,391 Total Cost of sales Other operating expenses Interest expense (and other income/losses) Income tax expense *Includes restricted cash **Includes a ($1) adjustment 354,093 989,196 54,863 10,745 $ 4,708,054 $ 4,708,054 Krispy Kreme, Inc. Trial Balance January 2, 2022 (In thousands) Account Cash and cash equivalents* Accounts and notes receivable, net Inventories Other current assets Property, plant, and equipment Other long-term assets Debit Credit 39,192 47,491 34,851 35,363 438,918 2,549,439 Accounts payable 182,104 Current portion of long-term debt 36,583 Other current liabilities 307,470 Long-term debt 680,307 Other long-term liabilities 603,135 Common stock 1,673 Additional paid-in capital 1,415,185 Retained earnings (as of January 3, 2020)** 142,198 Other stockholders' equity accounts 97,206 Dividends 11,705 Sales revenue 1,384,391 Total Cost of sales Other operating expenses Interest expense (and other income/losses) Income tax expense *Includes restricted cash **Includes a ($1) adjustment 354,093 989,196 54,863 10,745 $ 4,708,054 $ 4,708,054

Answer rating: 100% (QA)

To answer the questions I will use the information provided in the Krispy Kreme Inc Trial Balance as of January 2 2022 1 Current assets Cash and cash equivalents 39192 Accounts and notes receivable ne... View the full answer