Dallas & Associates' assets consist entirely of current assets and net plant and equipment. The company has total assets of $2.8 million and net plant and equipment equals $2.3 million. It has notes payable of $155,000, long-term debt of $755,000, and total common equity of $1.45 million. The company has accounts payable and accruals on its balance sheet. The company is financed only with debt and common equity, so it has no preferred shares on its balance sheet. Write your answers completely. For example, 25 million should be entered as 25,000,000.

a. What is the total amount of liabilities and equity that appears on the company's balance sheet?

c. What is the balance of current liabilities in the balance sheet of the company? 

d. What is the amount of accounts payable and provisions on your balance sheet? [Hint: Consider this a single line item on the company's balance sheet.]

e. What is the net working capital of the company? 

f. What is the company's net operating working capital?

g. What is the currency difference between your answers to parts e and f?

Answer rating: 100% (QA)

Step by Step Explanation a Total Liabilities and Equity 2800000 Explanation Total Debts Total assets ... View the full answer