Consider the following balance sheet data for Lilys Home Accessories: Cash & equivalents $ 86,500 Accounts payable
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Question:
Consider the following balance sheet data for Lily’s Home Accessories:
Cash & equivalents | $ | 86,500 | Accounts payable | $ | 85,000 | |
Accounts receivable | 139,500 | Notes payable | 163,500 | |||
Inventories | 298,500 | Accruals | 66,000 | |||
Total current assets | $ | 524,500 | Total current liabilities | $ | 314,500 | |
Long-term debt | 227,500 | |||||
Common stock | 370,000 | |||||
Net plant & equip. | 559,500 | Retained earnings | 172,000 | |||
Total assets | $ | 1,084,000 | Total liabilities & equity | $ | 1,084,000 | |
What are the company's total liabilities?
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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