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Save Submit Assignment for Grading Problem 3.01 Question 1of8 Check My Work Click here to read the eBook: The Balance Sheet BALANCE SHEET The assets of Dallas & Assodiates consist entirely of current assets and net plant and equipment. The firm has total assets of $3 million and net plant and equipment equals $2.5 miltion. It has notes payable of $145,000, long-term debt of $751,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet write out your answers completely. For example, 25 million should be entered as 25,000,000. Enter negative amounts, if any, with a minus sign a. What is the company's total debt? b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? c. What is the balance of current assets on the firm's balance sheet? d. What is the balance of current liabilities on the firm's balance sheet? e what is the amount of accounts pavable and accruals on its balance sheet Mint: Consider this as a single line item on the fim's balance shet.) e here to search 7-58 P C. What is the balance of current assets on the firm's balance sheet? d. What is the balance of current liabilities on the firm's balance sheet? e. What is the amount of accounts payable and accruals on its balance sheet? [Hint: Consider this as a single line item on the firm's balance sheet.] f. What is the firm's net working capital? g. What is the firm's net operating working capital? h. What is the monetary difference between your answers to part f and g? What does this difference indicate? Select