Calculate the Total equity BALANCE SHEET CURRENT ASSETS CURRENT LIABILITIES Cash $6188 Account payable $9887 Account receivable $4841 Others $1255 Inventory $7377 FIXED ASSETS Total long term debt $21225 Building equipment $37749 You have the following information from the Income Statement Sales $4...

To calculate total equity we need to subtract current liabilities from current ...

Calculate the Total equity . BALANCE SHEET CURRENT ASSETS CURRENT LIABILITIES Cash $6188 Account payable $9887 Account

Fantastic news! We've Found the answer you've been seeking!

Question:

Calculate the Total equity.

BALANCE SHEET
CURRENT ASSETS		CURRENT LIABILITIES
Cash	$6188	Account payable	$9887
Account receivable	$4841	Others	$1255
Inventory	$7377

FIXED ASSETS		Total long-term debt	$21225
Building & equipment	$37749

You have the following information from the Income Statement
Sales	$40354
Cost of goods sold	$18940
R&D expenses	$2011
Interest	$1133
Corporate tax	$1392

Related Book For answer-question

Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

See More Books

Posted Date: Dec 07, 2023 04:34 AM

See More Questions

The Thompson Toy Company manufactures toy building block sets for children. Thompson is planning for 2017 by developing a master budget by quarters. Thompsons balance sheet for December 31, 2016,...
Stores (Wal-Mart) is the largest retailing firm in the world. Building on a base of discount stores, Wal-Mart has expanded into warehouse clubs and Supercenters, which sell traditional discount store...
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
A firm has four service centers, S1, S2, S3, and S4, which provide services to each other, as well as to three operating divisions, A, B, and C. The distribution of each service centers output as...
Dyer, Inc., completed its first year of operations on December 31, 2013. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income...
What role should judgmental probabilities play in determining losses from cyber attacks?
On the graph on page 427, does the Alcatel-Lucent share seem under- or overvalued to you? What about the Daimler share? 14- 12- 10- Expected return (%) Steria EADS Peugeot Air France Rhodia...
PART 1 Dr. Jacobs West is an investment manager for Prokop Investments. He is currently faced with the question of which company to invest in. There are five potential investment companies located...
Burlington Wholesale Inc. had the following inventory transactions for one month. The company uses a perpetual system and FIFO. All purchases and sales are on account. Use an inventory cost chart and...
While pulling out of her driveway, Bethany becomes distracted by a bee and strikes Melanie, who is riding past on a bicycle. Bethany suffers serious injury as a result of the accident while Melanie...
ariposa Corporation sells "Bigger", its only product. The following information is available for the current month: Selling price per unit $ 1 0 0 Standard fixed manufacturing costs per unit $ 5 0...
31) A safe weighing 2000 N is to be lowered at constant Speed down skids 4 m long, from a truck 2 m high. a) If the coefficient of sliding friction between the safe and skids is 0.3, will the safe...
Nicole and Shania were contemplating robbing the local bank. They purchased handguns and tools to break into the bank's vault. As they approached the bank's entrance, they became afraid and started...
A black, short-haired cat has a litter of kittens with anorange, long-haired cat. The litter is entirely long-haired withmottled black and orange fur. What must be the inheritance patternfor each...
A block of wood of mass 6.0 kg slides along a frozen pond at 12.5 m/s [W]. The block slides onto a rough section of ice that has a coefficient of friction of 0.35. Calculate: a) the acceleration of...
The Power of Thinking Without Thinking, Malcolm Gladwell wrote, "Our attitudes toward race, gender, and other diversity traits operate at two levels." What are those levels define them ?
You need to undertake your own reseaech on curren aNd emerging trenry and research about denvelopin children's coperativ behaviour. Identify one curren or emerging trend or research that relates to...
Dan and Diana file a joint return. Dan earned $31,000 during the year before losing his job. Diana received Social Security benefits of $5,000. a. Determine the taxable portion of the Social Security...
Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $7.5 million. The machinery can be sold to the Romulans today for $5.6 million. Klingons current balance sheet shows net...
Walker Corp. has current liabilities of $305,000, a quick ratio of .85, inventory turnover of 14.85, and a current ratio of 1.45. What is the cost of goods sold for the company?
Find the APR in each of the following cases: APR Number of Times Compounded EAR Semiannually 9.9% Monthly 11.4 Weekly 15.5 Infinite 16.3
Identify possible causes for (1) a favorable materials price variance; (2) an unfavorable materials price variance; (3) a favorable materials quantity variance; and (4) an unfavorable materials...
Standard cost variances can usually be broken down into two basic types of variances. Identify and describe these two types of variances.
Explain the net sales volume variance and list its components.

Calculate the Total equity . BALANCE SHEET CURRENT ASSETS CURRENT LIABILITIES Cash $6188 Account payable $9887 Account

Question:

Expert Answer:

To calculate total equity we need to subtract current liabilities from current ... View the full answer

Corporate Finance Core Principles And Applications

Students also viewed these finance questions