At the end of 2012, Hatch Industries had the following balance sheet: Hatch Industries would like to
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Hatch Industries would like to compute its EVA® for the year. Help the accountant at Hatch Industries prepare for that computation by determining invested assets from the balance sheetabove.
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Hatch Industries Balance Sheet For December 31, 2012 $ 1,200 Accounts payable Wages payable . Total current liabilities Long term liabilities Total liabilities Common stock Retained earnings Total liabilities and equity $ 3,100 Cash 6,700 3,200 S 11,100 78,000 235,000 125,000 Inventory Accounts receivable Total current assets. $ 8,600 175,500 $184,100 Equipment Buildings Land. Total assets 55,000 $449,100 $449,100
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The Hatch Industries accountant can compute invested capital assets by either a...View the full answer
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Accounting concepts and applications
ISBN: 9780538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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